Long time owner occupied 5 family on 3.47 acres with additional acreage available. Extra special location and area! Apartment 1 is located in the lower level of the building is owner occupied and is the largest apartment. it has open living room/dining kitchen and two spacious bedrooms and large bathroom. Circular driveway in front is for apartment 1. Apartment 2 has recently been remodeled to include a updated bathroom and a remodeled kitchen. Apartment 2 is currently vacant. Apartments 3, 4, and 5 are all tenant occupied. Rents are below market value for the area, all tenants are current on rent. Projected market rents will put the property at an 8%-9% cap rate. Apartments 2-5 all have an assigned space in the carport. There is plenty of additional parking. Coin operated laundry in basement. Updated boiler/water heater. Tenants can enjoy all the natural areas of this 3.47 acre property with easy access to highways, shopping.
Listing courtesy of Frances A. Cook.