
Description
UPDATE: The property has been pressured washed, freshly painted, and landscaped! Owner will consider CASH and CONVENTIONAL OFFERS! 5 UNIT INVESTMENT OPPORTUNITY OFFERS 9% CAP Potential! Consistent income producing property with historically low vacancies which offers investors an ideal location that is poised for future growth. This property features two buildings, FOUR two bedroom/ one bath units in main structure and a single detached one bedroom/ one bathroom. All units are fully occupied at this time with annual leases in place by professional management generating $4,150 monthly. Some of the units have had recent renovations and improvements such as newer tile floors, bathroom remodel, granite countertops, and more! The property sits on a large (101x142) lot zoned RMC-12 not in a flood zone. This property offers big savings on utilities (water and septic) due to onsite well averaging $20 a month! Low taxes, no HOA, no Flood, and low operating expenses make this an idle income property. The tenants enjoy the ample off street parking and close proximity to Highways which provides the convenience of a central location near many popular restaurants, shopping centers, medical facilities and more! Any and all offers that are accepted are with the understanding of "As-Is." Please do not disturb tenants. Start the New Year generating passive income!
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0BEDS
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0.33ACRES
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0BATHS
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01/2 BATHS
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3,455SQFT
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$127$/SQFT
School Ratings & Info
Description
UPDATE: The property has been pressured washed, freshly painted, and landscaped! Owner will consider CASH and CONVENTIONAL OFFERS! 5 UNIT INVESTMENT OPPORTUNITY OFFERS 9% CAP Potential! Consistent income producing property with historically low vacancies which offers investors an ideal location that is poised for future growth. This property features two buildings, FOUR two bedroom/ one bath units in main structure and a single detached one bedroom/ one bathroom. All units are fully occupied at this time with annual leases in place by professional management generating $4,150 monthly. Some of the units have had recent renovations and improvements such as newer tile floors, bathroom remodel, granite countertops, and more! The property sits on a large (101x142) lot zoned RMC-12 not in a flood zone. This property offers big savings on utilities (water and septic) due to onsite well averaging $20 a month! Low taxes, no HOA, no Flood, and low operating expenses make this an idle income property. The tenants enjoy the ample off street parking and close proximity to Highways which provides the convenience of a central location near many popular restaurants, shopping centers, medical facilities and more! Any and all offers that are accepted are with the understanding of "As-Is." Please do not disturb tenants. Start the New Year generating passive income!
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