Exceptional investment opportunity: a premium 14-unit apartment complex with a commercial lease on the ground floor. This property offers a perfect blend of residential and commercial space, making it an ideal choice for investors seeking steady rental income and potential business opportunities. Extremely low maintenance. Unit breakdown: 4 units - 1 bedroom, 1 bathroom 8 units - 2 bedrooms, 1 bathroom 1 unit - 2 bedrooms, 1.5 bathroom 1 unit - currently leased and used by commercial tenant Property highlights: 1. Prime location: conveniently located near the city's arterial intersection of 9th (HWY 160) and Main (HWY 77) 2. Income potential: The combination of residential units, commercial lease and covered parking spaces provides a diverse revenue stream and potential for long-term profitability. 3. Attractive Design: The complex features a non-combustible masonry structure - favorable for a cost-effective insurance policy 4. Covered parking garage with ample space for tenants and an additional revenue stream. Don't miss this opportunity to own both commercial and residential property in a great location.
Utilities Available City Sewer, City Water, Electric, Gas
Flood Insurance Unknown
Parking Parking Area, Street Parking, Parking to 10, Parking Garage, Paved
Road Frontage City Arterial
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* This payment calculator is intended for educational and planning purposes only. ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.
