Active

$2,750,000

Features:
  • 24 Bedrooms
  • 12 Bathrooms
  • 1510 sq ft
Overview
  • ID: MFRO6322976
  • Bedrooms: 24
  • Bathrooms: 12
  • Size: 1510 sq ft
Property Details
Remarks
Prime Income-Producing Property – 6 Duplexes + Common Area + Warehouse Exceptional investment opportunity featuring six mostly occupied duplexes, a versatile common area, and a spacious warehouse, all situated on a well-maintained parcel in a high-demand rental market. This turnkey multi-family asset offers 10 total rental units, each with private entrances, updated interiors, and separate utility meters—perfect for maximizing rental income and minimizing operational costs. There is also another 2 units under construction to be completed by buyer for a total of 12 units. The common area provides added value for tenants, ideal for shared gatherings, recreational use, or future amenity development. The warehouse (currently vacant) presents multiple revenue possibilities, including storage rental, workshop space, or small business use. Key Features: 6 Duplex Buildings (12 Units Total) Separate meters & ample parking Steady rental history with strong cash flow Common Area for tenant enjoyment or value-add improvements Warehouse with flexible use potential Zoned for multi-family Strong Cap Rate & Upside Potential Whether you're a seasoned investor looking to expand your portfolio or seeking a residential asset, this property offers immediate income and long-term growth
Financial Considerations
Price:
$2,750,000
HOA Fee:
N/A
Tax Amount:
$17203
Price per SqFt:
$1821.19
Tax Legal Description:
S 60 ft of N 121 Ft Lot3 BlkB Fern Park Estates PB5 PG 11, N61 Ft Of Lot 3 Blk B Fern Park Estates PB 5 Pg 11, S75 Ft of Blk B Fern Park Estates PE5 Pg 11, Lot 3 (less W130 FT + N121 FT)Blk B Fern Park Estates PB5 PG 11, E 65FT OF W 130 FT of Lot 3 (LESS N 121 FT) BLK B Fern Park Estates PB5 Pg11, W65 FT of Lot 3 (less N 121 Ft) Blk B Fern Park Estates PB 5 Pg 11
Exterior Features
Lot Size:
69696
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
24
Bathrooms:
12
Heating:
Central, Electric
Cooling:
Central Air
Appliances:
Dishwasher, Disposal, Range, Range Hood, Refrigerator
Furnished:
No
Floor:
Ceramic Tile, Tile
Levels:
One
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1959
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Dog Run, Sidewalk
Additional Features 2:
N/A
Map
  • Address
    231 CONCORD
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