Great income producing property. This well maintained and updated apartment complex has 48 total units in 5 separate buildings. It is situated on a major US Hwy and features a quiet 7.59 acre setting. Major capital improvements over the last few years have this property in great shape boasting an occupancy rate of 97-100% and even a waiting list at times. With an office, stocked supply room, private fishing pond, and pool on location this turn key investment is practically self sufficient. Each unit is approx. 841 sq.ft. 2BR/2BA with an eat-in bar flowing from the kitchen to the living room. Rent prices vary depending on level of updates completed. Tenants cover their own utilities except for trash which is provided by owner. At $44,900 per door and an 8% CAP Rate even with major capital improvements last year this is a great deal.
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