Property Description

Excellent investment opportunity with this five-unit apartment building offering strong income and upside potential. Four units are currently rented, generating $2,725 per month, with a fifth unit being refurbished and projected to rent for $1,000 upon completion. Additional income from on-site coin laundry is not included in the current figures, providing even more revenue potential. Most tenants are long term, and all units have been remodeled in recent years, minimizing immediate capital expenses. The parking lot has been recently redone and offers ample space for residents and guests. Approximately 6,200 of the 9,300 square feet is finished, leaving significant opportunity to expand-potentially converting the remaining space to create a 6-8 unit building. A solid, income-producing property with tremendous value-add potential! Vacant unit is available for showings and other units available with an accepted offer.

Property Features

Local Schools