This well-positioned 10-unit apartment complex offers a strong investment opportunity in the heart of town, just minutes from shopping and everyday conveniences. Property features a mix of four 3-bedroom units and six 2-bedroom units, appealing to a wide range of renters. Each unit is designed as a single level with a combo of ground-level and upstairs units providing variety and accessibility. Open parking ensures convenience for tenants and their guests. While the property offers no on-site amenities, its unbeatable central location keeps occupancy high and attracts long-term tenants seeking proximity to most needs. With strong rental demand and limited comparable inventory in the area, this property represents a stable, income-producing investment with room for future value-add improvements.
Financial Considerations
Price:
$1,500,000
HOA Fee:
N/A
Tax Amount:
$1357.34
Price per SqFt:
$145.52
Tax Legal Description:
PART OF NW 1/4 OF NE 1/4 LYING E OF BARNA AVE AS DES IN ORB 2449 PG 2900 EXC ORB 3078 PG 2327 & S 75 FT