Description
Welcome to a 100% turn-key investment opportunity! This fully leased, newer (built in 1994) property features three units with impressive rental income: Unit A rents for $1,250, Unit B for $1,375, and Unit C, constructed in 2019, rents for $2,050. Fully renovated and meticulously maintained, there is no deferred maintenance to worry about. Key features include: - 10-car off-street parking lot - 3-car attached garage - Rear porch with Trex decking and tempered glass panels, offering a full view of the adjoining 15-acre city park This property boasts a gross monthly income of $4,675.00 and a yearly gross income of $56,100. The basement and foundation were professionally waterproofed in June 2024, and the suburb features a new drainage system with a lifetime transferable warranty. Whether you are looking to expand your investment portfolio or engage in a 1031 exchange, this property is an excellent opportunity. Please note, showings are only available with a contingent offer. Kindly refrain from disturbing the tenants.
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7BEDS
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0.36ACRES
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5BATHS
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11/2 BATHS
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4,472SQFT
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$116$/SQFT
Description
Welcome to a 100% turn-key investment opportunity! This fully leased, newer (built in 1994) property features three units with impressive rental income: Unit A rents for $1,250, Unit B for $1,375, and Unit C, constructed in 2019, rents for $2,050. Fully renovated and meticulously maintained, there is no deferred maintenance to worry about. Key features include: - 10-car off-street parking lot - 3-car attached garage - Rear porch with Trex decking and tempered glass panels, offering a full view of the adjoining 15-acre city park This property boasts a gross monthly income of $4,675.00 and a yearly gross income of $56,100. The basement and foundation were professionally waterproofed in June 2024, and the suburb features a new drainage system with a lifetime transferable warranty. Whether you are looking to expand your investment portfolio or engage in a 1031 exchange, this property is an excellent opportunity. Please note, showings are only available with a contingent offer. Kindly refrain from disturbing the tenants.