Don't miss this prime investment opportunity! This well-maintained 5-unit multifamily property offers an impressive 9.8% cap rate and features a desirable unit mix of three 2-bedroom apartments and two spacious 3-bedroom apartments, ensuring strong rental demand. Situated in a convenient location within walking distance to downtown shops and restaurants, the property appeals to both long-term tenants and short-term renters alike. Tenants enjoy plenty of off-street parking, shared coin-operated laundry facilities, and indoor storage units--key amenities that enhance both functionality and value. Currently, utilities are included in the rent for all units except Unit 5, which pays for their own electricity. Units 5 and 6 are already configured to allow tenants to pay their own heat and electric, offering future potential to reduce operating costs and increase net income. Whether you're a seasoned investor or just entering the multifamily space, this is a rare chance to own a high-yielding property in a desirable area. Schedule your private showing today!
Annual Expenses
Taxes: $6,125
Income
Gross Income | $75,600
NetIncome | $49,255
Appliances : Water Heater – Electric | Water Heater–Gas–LP/Bttle
Construction: Wood Frame | Cedar Exterior | Vinyl Exterior
Year Built: 1910
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 7254
Above Grade Sq.Ft.: 6390
Basement: Concrete | Partial | Unfinished
Foundation: Concrete | Slab w/ Frost Wall
Roof: Metal
Garage And Parking: Assigned | Off Street | Other | Parking Spaces 6+
Seasonal: No
Heating: Propane | Baseboard | Hot Water
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Telephone Available
Electric Meters:
Water: Public
Sewer: Public
Land Information
City Lot | Level
Lot size: 0.64 acres
Zoned: unknown)
Surveyed: Unk
Flood Zone: Unknown
Road Frontage: 100
Driveway: Gravel