Income-producing 6-unit investment property on approximately 0.829 acres in Purdon. Property consists of five 1-bedroom 1-bath units plus one efficiency unit, with each unit renovated within the last three years. Five units feature mini-split HVAC systems, while the efficiency includes a window unit and is being offered fully furnished. Tenants… Read More are separately metered for electricity, helping keep owner-paid expenses low. Septic system has been routinely serviced and cleaned. Current gross income is approximately $64,200 annually with reported NOI of approximately $49,820. Property offers additional upside through the potential addition of an on-site laundry facility and future RV pad development; seller reports soft approval for additional RV pads, buyer to independently verify all development potential and approvals. Strong opportunity for an investor seeking existing cash flow with room for further income growth.
Information contained herein is deemed reliable but not guaranteed. Buyer and Buyer’s Agent are responsible for independently verifying all information, including but not limited to measurements, square footage, schools, zoning, utilities, taxes, financials, leases, income and expenses, property condition, permitted uses, and any future development or expansion potential. Buyer to conduct all desired due diligence prior to closing. Read Less
Courtesy of Eartha Wang, Victor Lazcano.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Apartment
Beds
6
Full Baths
6
Lot Size
0.83 Acres
Year Built
1967
MLS Number
21404163
Additional Details
Appliances & Equipment
Dishwasher, ElectricRange
Building
Built in 1967, Year Built Details: Preowned, 1 building, Levels: One
Cooling
Electric, HeatPump, MultiUnits, WallWindowUnits
Expenses
Insurance: $3,180
Floors
Carpet, Vinyl
Foundation
Slab
Heating
HeatPump, SpaceHeater
Income
Gross Income: $64,200, Net Operating Income: $49,820
