Fully occupied multifamily investment opportunity on an oversized corner lot with excellent visibility. This two story apartment building features five units, each with its own electric meter. Each unit offers a one bedroom, one bath layout plus a bonus room that could function as a second bedroom, along with a kitchen and living area. Units are equipped with window A/C units.
Tenants pay their own electric, while rent currently includes water and trash. The property is on city water with a septic system approximately 10 years old. Current gross annual income is $51,000, with strong potential for increased returns through renovations and rent adjustments.
Additional features include a storage area that could be converted into a shared laundry facility, adding further value and convenience for tenants. Ideal for investors looking to add value and maximize income potential.
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Legal Description: DUNDEE PB 1 PG 86 BLK 14 LOT 9 N 75 FT & N 75 FT OF 10 & THAT PORTION OF SR 17 RD R/W LYING ADJACENT TO LOT 10 DESC AS COMM AT NW COR LOT 10 RUN E 9.32 FT FOR POB RUN N 3 FT E 34.5 FT S 3 FT W 34.5 FT TO POB
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