Active

$380,000

Features:
  • 5 Bedrooms
  • 3 Bathrooms
  • 1791 sq ft
Overview
  • ID: MFRG5098401
  • Bedrooms: 5
  • Bathrooms: 3
  • Size: 1791 sq ft
Property Details
Remarks
One or more photo(s) has been virtually staged. Turnkey multifamily investment in a primer location generating $46,800/year with potential to grow to over $60K annually! This well-maintained property on 0.79 acres includes three fully leased units: Unit A (2/1, 721 sq ft), Unit D (2/1, 584 sq ft), and Unit C (1/1, 486 sq ft). All units have been updated with new windows, interior/exterior paint, flooring, and fixtures. Major improvements include a 2019 roof replacement for all units, new well and pump, and updated septic systems: Unit A (8/2019), Unit D (7/2020), and Unit C (pumped and certified 9/2023). Tenants pay their own electric and cable. Each unit features separate electric meters, mailboxes, trash/recycle bins, and laundry hookups. Additional income potential from a 870 sq ft warehouse, 40' shipping container, and tandem garage—bringing projected gross income to $61,200/year. 4-point inspections completed and passed for all units. Low maintenance, strong cash flow, and leases in place through 2026. Don’t miss this income-producing opportunity—schedule your showing today!
Financial Considerations
Price:
$380,000
HOA Fee:
N/A
Tax Amount:
$4668.85
Price per SqFt:
$212.17
Tax Legal Description:
BEG AT SE COR OF NW 1/4 OF NE 1/4 RUN N 47.78 FT N 86-22-0 W 127.32 FT N 02-54-30 E 90.85 FT S 89-54-30 W 197.46 FT S 147 FT N 89-54-30 E 320 FT TO POB--LESS RD R/W-- ORB 4907 PG 24
Exterior Features
Lot Size:
32234
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
5
Bathrooms:
3
Heating:
Central, Ductless
Cooling:
Central Air, Wall/Window Unit(s)
Appliances:
Range, Refrigerator
Furnished:
No
Floor:
Carpet, Laminate
Levels:
N/A
Additional Features
Property Sub Type:
Triplex
Style:
N/A
Year Built:
1952
Construction Type:
Block, Frame
Garage Spaces:
Yes
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Outbuildings, Other, Private Mailbox
Additional Features 2:
N/A
Map
  • Address
    205 FERN DR #A,C,D
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