Description
Have you been waiting to invest in your own apartment building or add to your current portfolio? This will be a great addition or an easy start to your portfolio. The current owners have streamlined this property for ease of use and maintenance. There are 7 apartment units that are all in good condition. 3 Apartments on the first floor, 3 on the second and 1 on the third. The lot that this building sits on is large and could accommodate additional usage such as storage units for the tenants. The property is well kept and has newer siding windows and a brand new roof. Nothing for you to do but take over. There is a basement that could also be converted to laundry for additional since. All 7 units are on month-to-month leases. The current owner has kept monthly prices and could easily be increased. This is an income-producing investment with a 6.5 cap rate and is ready for you to see today!Tenants pay for electric water and sewer.
-
0BEDS
-
0.28ACRES
-
0BATHS
-
01/2 BATHS
Description
Have you been waiting to invest in your own apartment building or add to your current portfolio? This will be a great addition or an easy start to your portfolio. The current owners have streamlined this property for ease of use and maintenance. There are 7 apartment units that are all in good condition. 3 Apartments on the first floor, 3 on the second and 1 on the third. The lot that this building sits on is large and could accommodate additional usage such as storage units for the tenants. The property is well kept and has newer siding windows and a brand new roof. Nothing for you to do but take over. There is a basement that could also be converted to laundry for additional since. All 7 units are on month-to-month leases. The current owner has kept monthly prices and could easily be increased. This is an income-producing investment with a 6.5 cap rate and is ready for you to see today!Tenants pay for electric water and sewer.
©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Dawn Wolf Team | RE/MAX PREMIER PROPERTIES. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-10T00:00:14.877.