Great Investment Opportunity in Downtown Historic District with immediate monthly cash flow of $2,400
4- 2 BR 1 Bath Apts each with a private entrance. 2 apts on 1st floor and 2 apts on 2nd floor ( Vacant Unit on 2nd floor Unit 4). 3 apts are occupied on a Month to Month Lease $800., The vacant apt is nearly ready for occupancy and is similar to the ones that are occupied, which could produce a minimum monthly rent of $800 for monthly cash flow of $3,200. Apartments are modest, with great features, ie, built ins in living room, separate dining room with french doors, screened in porch and ample closet space
Hud market rent schedule for 2 bedroom 1 bath can produce rental income up to $1500 per apt per month for additional projected cash flow. Apartment building is near Restaurants, Shopping, Public Library, City Hall, Parks, Hotels, Farmers Market, Interstate, Cultural Arts Center and Public Transportation. Carport in rear for parking
Contact Listing Agent for Showings