Properties

Remarks

This package is set up to walk in and receive cash flow immediately. Recent updates of over $135k have these in excellent condition with occupancy at 100% and new leases signed through 2024. This is 16 units/5 separate buildings. There are 14-1 Bed, 1 bath apartments and 2-2 Bed, 1 Bath apartments, the most popular sized units to lease in this college town. This location is just 1.5 blocks walking distance from campus as well. Updates include new electrical panels to convert to an all electric complex (tenant pays electric) , New roofs in October 2022 for 308 and 511 buildings, new roof on 312 in 2020, newer water heaters and stainless steel appliances, new interior paint, flooring and LED light fixtures throughout. This seller has set these up to be easy to rent and maintain. They’re an Investors dream with the gross income at $10,600 per month! There is potential to build another structure on N lot or sell off that lot and the 312 N Walnut duplex. See attached documents for P/L sheet and full list of all improvements. Owner/Agent

Listing Office: Shirleys RealtyMLS ID: 2430309