A unique 13-unit SRO (single room occupancy) turnkey property will make an excellent high-cashflow addition to your investment portfolio. The building consists of 13 furnished rooms each with a small kitchenette, plus two shared bathrooms. The resident manager has lived onsite for 15+ years and handles most management duties including leasing, rent collection, and minor repairs. The property operates extremely efficiently. It is a quiet building, mainly rented to long-term tenants, some of whom have lived there for over 20 years. Many recent capital improvements include driveway paving (2022), new windows (2022), new roof (2014), and vinyl siding. Multiple units have been fully renovated this year including new furniture and tvs. Large, paved parking lot in the year for plenty of off-street parking. This is a great opportunity to add a high cashflow/low maintenance property to your portfolio. In additon to the full renovation in 4 of the units (2025), other updates include a newer roof, new windows (2022), new water heater, repaired & replaced facia & vinyl siding, and driveway paving (2022).
6,951 Sq Ft
0.2226 Private Acres Lot Size
investment
$6,252 Annual Tax
Built in 1940
MLS/Listing ID S1650662
3 Stories
13 Units
Heating - Forced Air
Heating - Gas
Furnished
Carpet
Gas Water Heater
Refrigerator
Shingle
Parking - No Garage
Parking - One Space
Lot - Near Public Transit
Lot - Rectangular Lot
Washer Hookup
Construction - Vinyl Siding
Construction - Copper Plumbing
Vinyl
Tile
TOTAL MONTHLY COST
$0
$0
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