This turn of the century historic 2-story apartment home with over 6,800 square feet of character was remodeled in 2002 and converted to a 6 unit rental complex. The 1st floor contains one-1BR and one-2BR. The second floor contains two-3BR units with an oversized 3rd bedroom in the finished attic space. The lower level contains two-1 BR units. All units contain a full bath. There are 5 garages spaces in the back of the complex.as well as ample parking behind the building. All units have been well managed and are fully occupied. 2011 Gross Income of $48,845 with Expenses of $26,803 giving a Net Income of $22,041. A high occupancy rate with long time tenants. Covered bus stop in front of building. Walking distance to all Ingersoll shopping, DMU, schools, and churches. Shared laundry facility is located in the basement with (2) coin operated washers and dryers.
Excellent Opportunity for 3 Plex-FULLY LEASED-GREAT RENTAL HISTORY. Great Location just 1 block north of Ingersoll Avenue near Dahl's and great Eateries and Pubs on Ingersoll and just a few blocks away from College of Osteopathic Medicine. Fully Leased with (3) one(1) bedroom units-Rental Certificates are effective thru 2015. All units have hardwood floors, good living space and amble room in kitchen. Separate Electric meters for tenants. Laundry area with coin operated washer and dryer. Gross Annual Income of $23,100 with potential for increases. Pro-Forma available upon requests for serious buyers. Showings require 24 hour minimum notice.