Description
Investment Property with Multi-Unit PotentialSeize this rare opportunity to own a 3.9-acre property featuring eight efficiency apartments and one land lease.Upon driving onto the private lane you will see the double wide on the left which is the land lease. Driving down further you will see 3 separate single level buildings, totaling 8 apartments. Each 550 sq. ft. apartment includes 2 bedrooms, 1 bathroom, kitchen/dining combo, living room , and baseboard heating. Recent updates include LVP flooring in kitchens/living rooms, carpet in bedrooms, and full upgrades to Building 1, including new windows and a roof.The property is equipped with three septic systems, one shared well with a pump house, and concrete foundations. All units are leased until August 1, 2025. Additional $20/month paid by each tenant for trash service. An on-site mobile home is on land lease -home is owned by the maintenance man, who will come with the property and ensures smooth operations. Property is subject for rent increase when the current lease is up. Whether youre expanding your portfolio or seeking a high-potential rental investment, this property delivers immediate income and future possibilities. Pictures show interior of unit 2.
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01/2 BATHS
Description
Investment Property with Multi-Unit PotentialSeize this rare opportunity to own a 3.9-acre property featuring eight efficiency apartments and one land lease.Upon driving onto the private lane you will see the double wide on the left which is the land lease. Driving down further you will see 3 separate single level buildings, totaling 8 apartments. Each 550 sq. ft. apartment includes 2 bedrooms, 1 bathroom, kitchen/dining combo, living room , and baseboard heating. Recent updates include LVP flooring in kitchens/living rooms, carpet in bedrooms, and full upgrades to Building 1, including new windows and a roof.The property is equipped with three septic systems, one shared well with a pump house, and concrete foundations. All units are leased until August 1, 2025. Additional $20/month paid by each tenant for trash service. An on-site mobile home is on land lease -home is owned by the maintenance man, who will come with the property and ensures smooth operations. Property is subject for rent increase when the current lease is up. Whether youre expanding your portfolio or seeking a high-potential rental investment, this property delivers immediate income and future possibilities. Pictures show interior of unit 2.
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