INCLUDES ADDITIONAL PARCEL .92 ACRES FOR DEVELOPMENT! A great location for an investment. Multifamily Apartments. Six units
approximately 864 SF per apartment. Each unit has a dedicated
laundry room with hookups. All are 2 bedroom and 1 one bath. Five
of six units are all tiled. The 2nd floor units have balconies. 10 paved
parking spaced in the front of the building. Located in nice residential
area of mixed apartments bldgs and single family homes. Most of the
units have been updated. Newer stoves and refrigerators, newer hot
water tanks and new ceiling fans. Below market rents. Sold as
is. Includes extra 40,077 Square Feet lot number 16 next door. Great
opportunity for development. Extra lot is zoned for multiple families.
Four Duplexes being sold together with OUTSTANDING Cash Flow!!! A total of 8 individual units (4 duplexes) that have a cumulative monthly rental income of over $5500. Purchase comes with a rare transient hotel license where you can have rentals as short as daily and or weekly and is transferable. This would greatly increase the cash flows of the property if tenants were to be put on weekly leases. Inside each unit are two beds and one bath with ceramic tile and carpet. Three of the AC units have been installed within the last three years, the roof is four years old with 30 yr shingles. There is a laundry facility on site which can be converted to coin operated if buyer desires after purchase to increase revenues.