Rare opportunity to own 9 units on one lot. This property consists of 2 buildings front to back on one lot with plenty of parking for all. Front building is a 5-unit (4 2 beds, 1 3 bed) with coin op laundry located in the basement for all tenants to use. The rear building is a 4-unit with 2 1-bed apartments on the first floor and very large 3-bedroom apartments on the 2nd and 3rd floor respectively. Large front porches, loads of parking, new vinyl siding, all separate utilities, recently updated apartments, and fully fire coded turnkey property. This property grosses $90,000 per year in rents and performs at roughly a 10.6% Cap Rate (See attached profit and loss). Many of the rents are still well below market rents with longer term tenants so plenty of room to add value as well.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
