Prime INVESTMENT OPPORTUNITY in a highly desirable location, just minutes from local amenities. This property features three SOLID BLOCK duplex buildings, each containing two 2 bedroom, 1 bath apartments spanning 702 sq. ft. per unit. A turnkey asset it generates consistent revenue. The property operates on well water and septic, with on site laundry.
PROFESSIONALLY MAINTAINED, many units have been updated with new flooring, new kitchen cabinets, granite countertops, stainless steel appliances, and fresh paint. Roof is 2022. Ample private parking is available. This investment offers a CAP rate of 5.93%, with further growth potential in line with rental market demand. Don't miss this opportunity!
Prime INVESTMENT OPPORTUNITY in a highly desirable location, just minutes from local amenities. This property features three SOLID BLOCK duplex buildings, each containing two 2 bedroom, 1 bath apartments spanning 702 sq. ft. per unit. A turnkey asset it generates consistent revenue. The property operates on well water and septic, with on site laundry.
PROFESSIONALLY MAINTAINED, many units have been updated with new flooring, new kitchen cabinets, granite countertops, stainless steel appliances, and fresh paint. Roof is 2022. Ample private parking is available. This investment offers a CAP rate of 5.93%, with further growth potential in line with rental market demand. Don't miss this opportunity!
Features
Building and Construction
Covered Spaces: 0.00
Exterior Features: Lighting, Private Mailbox
Flooring: Ceramic Tile, Vinyl
Living Area: 4212.00
Roof: Shingle
School Information
High School: King-HB
Middle School: Jennings-HB
School Elementary: Folsom-HB
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Parking Features: Guest, Off Street, Parking Pad
Eco-Communities
Water Source: Well
Utilities
Carport Spaces: 0.00
Cooling: Wall/Window Unit(s)
Heating: Ductless
Pets Allowed: Yes
Sewer: Septic Tank
Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2024
Rental Information
Tenant Pays: Electricity
Other Features
Appliances: Range, Refrigerator
Country: US
Interior Features: Kitchen/Family Room Combo, Solid Wood Cabinets, Stone Counters
Legal Description: TERRACE ACRES W 101 OF S 1/2 OF LOT 16
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