The approximately 10,000-square-foot building consists of sixteen one-bedroom apartments in a single-story layout with significant upside potential. Constructed and continuously owned by the same family, the property reflects exceptional pride of ownership and long-term care. The building has been consistently maintained and improved as needed, resulting in excellent overall condition and historically strong occupancy. June 30 expiration of many leases, which will become month to month rentals, allows new owner to adjust income after the transfer of title. Situated well back from the road in a peaceful setting, the property features blacktop parking, expansive lawn areas, and strong visual appeal. This apartment complex lends itself well to a 1031 like-kind exchange or as a long-term investment opportunity, offering stable cash flow and future appreciation potential.This is a rare opportunity to acquire a fully occupied, professionally maintained multi-family asset with dependable income and clear potential for future revenue enhancement.
10,000 Sq Ft
2.5 Private Acres Lot Size
investment
$3,657 Monthly Tax
Built in 1980
MLS/Listing ID S1682166
1 Stories
16 Units
Septic System
Well
Refrigerator
Electric Water Heater
Built-in Range
Built-in Oven
Community - Laundry Facilities
Construction - Wood Siding
Construction - Frame
Construction - Brick
Cooling - Ceiling Fans
Vinyl
Laminate
No Stairs
Accessible Entrance
Accessible Bedroom
Water Softener Owned
Water Heater
Ceramic Tile
Carpet
Heating - Electric
Heating - Baseboard
Bedroomon Main Level
Coin-operated
Lot - Secluded
Lot - Irregular Lot
Parking - No Garage
Parking - Driveway
Shingle
TOTAL MONTHLY COST
$0
$0
$0