Description
Looking for an investment with instant return? This Brick Historic 5-Unit Building could be just the thing you are looking for. 3 long term tenants, a 4th that has been there since January, and a 5th unit with fresh paint, new carpet and an updated kitchen that property management is actively looking to fill. Rental income currently at $2930 per month which could be increased. All tenants are on month-to-month rental agreements. This building is full of potential and has had some major upgrades already taken care of. New roof in 2020, New boiler 2019, Front porch rebuild 2018, New hot water heater 2017. 2 new kitchens, 2 new baths, and 2 units with new flooring. Unit #2 refreshed 2022, Unit #5 refreshed 2021. Unit # 3 refreshed 2020. Additional space in basement for tenant storage rental.
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0BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
Description
Looking for an investment with instant return? This Brick Historic 5-Unit Building could be just the thing you are looking for. 3 long term tenants, a 4th that has been there since January, and a 5th unit with fresh paint, new carpet and an updated kitchen that property management is actively looking to fill. Rental income currently at $2930 per month which could be increased. All tenants are on month-to-month rental agreements. This building is full of potential and has had some major upgrades already taken care of. New roof in 2020, New boiler 2019, Front porch rebuild 2018, New hot water heater 2017. 2 new kitchens, 2 new baths, and 2 units with new flooring. Unit #2 refreshed 2022, Unit #5 refreshed 2021. Unit # 3 refreshed 2020. Additional space in basement for tenant storage rental.
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IDX provided courtesy of Realcomp II Ltd., via Pearse Realty, Inc.: (269) 962-6167 and Battle Creek Area AOR MLS, ©2022 Realcomp II Ltd. Shareholders.