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Priced at $299,000
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Bedrooms
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1
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Bathrooms
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1
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County
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Jefferson
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Property Type
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Income
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MLS Number
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1241521
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Property Description
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Tenants love this property - on 3 bus lines, walking distance to shopping, movies and restaurants. 100% rented. Great income producing property. Significant renovation in past 6 months includes replacement of all roof shingles, all flashing, metal vents, and new shutters throughout, sealed and striped parking lot, installed 12 x 9 concrete pad for dumpster, and in some units: 50,000 BTU furnaces and A coils, upgraded main electrical breakers, new paint and carpet and vinyl, baths, vanities, faucets, stoves and refrigerators, tub surrounds etc., plus new carpet in 2 of 3 hallways. See list of improvements attached. Lots of upside to this property. See financial analysis attached. Priced for quick sale. Sold in 2005 for $360,000. Current appraisal for $360,000. Many tenants paying well below market price - upside for savvy investor. Similar apartments across the road just sold at around $37,000 per door.
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Features List
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12 Units
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100% Rented
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New Roof
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New Shutters
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Lots of Updates
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Great Buy
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