Description
7 family investment property. Thriving investment! Total income is over $9,000, with potential for much more. All rents are below market and can easily bring higher totals. One unit renovated, another soon to be renovated. Property could use some cosmetic work, but all utilities and appliances are well managed and in great working shape. House has very strong basics. Landlord has had many tenants for a while and the relationship has worked well, so he has not changed the rents. All units currently rented, however, only 1 unit has a lease, all other units month to month. Close to all downtown, Train Station, City Hall, Library, Parks. Separate land lot next door available for sale also. Asking $300,000. Land lot is R-1C zoning, meaning that it is build-able for a single family home. Lot tax only $876.33 annually, very affordable extra yard space if you do not want to build. All prices negotiable. Certainly worth a look. Not many 7 family comparables in the area. Go see it!
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15BEDS
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0.29ACRES
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7BATHS
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01/2 BATHS
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4,500SQFT
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$222$/SQFT
School Information
Description
7 family investment property. Thriving investment! Total income is over $9,000, with potential for much more. All rents are below market and can easily bring higher totals. One unit renovated, another soon to be renovated. Property could use some cosmetic work, but all utilities and appliances are well managed and in great working shape. House has very strong basics. Landlord has had many tenants for a while and the relationship has worked well, so he has not changed the rents. All units currently rented, however, only 1 unit has a lease, all other units month to month. Close to all downtown, Train Station, City Hall, Library, Parks. Separate land lot next door available for sale also. Asking $300,000. Land lot is R-1C zoning, meaning that it is build-able for a single family home. Lot tax only $876.33 annually, very affordable extra yard space if you do not want to build. All prices negotiable. Certainly worth a look. Not many 7 family comparables in the area. Go see it!
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