Average square foot calculated using Size range provided by listing agent.
Description
Incredible opportunity alert! This 12-unit Apartment Complex is a fantastic deal, priced below its last appraisal of $780, 000. The motivated seller is eagerly awaiting your offer! The complex consists of 8 units in the 2031 3rd building and 4 units in the 2033 3rd building. The 8-unit building boasts two stories, while the 4-unit building is a single-story structure with a porch at the rear and the added benefit of some covered parking spaces. Both buildings feature covered walkways that open onto a charming courtyard nestled between them. Please note that the complex is not individually metered for gas and water. The property taxes are $1, 219.34 yearly, and it's located in Flood Zone AE. The current flood policy costs $3940 per year for the 2031 building and $2, 237 per year for the 2033 building. Recent improvements include a roof replacement in 2021 for both buildings, ensuring long-lasting value and protection for your investment. Many of the units have undergone remodeling, and all units are rented. This is your chance to own a thriving Apartment Complex with great potential. Act now, make your offer, and secure this outstanding investment today! Seller will entertain a owner financed deal with a large down payment on a 5 year balloon term.Show Description
MLS® NumberSWL23007065
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelWasher Hookup, Electric Dryer Hookup, Laundry Room, Outside, See Remarks
Exposure
Exterior
GarageNo
Approx. Age1980
Stories2
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
Heat
A/CCeiling Fans, Wall Window Units
Heating Fuel
Extras
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