Description
MLS# 260881 DO NOT DISTURB THE TENANTS 7 unit apartment complex consisting of (3) one bedroom apartments, (3) studio apartments, and (1) two bedroom apartment. There is a main building with 5 units, and 2 stand alone units on the property. 6 of the 7 are currently rented. There are 4 recent leases, 2 have month to month and 1 recent vacancy. Current rent with the vacancy is $4450 per month. Rents are below market, so there is opportunity to increase income as leases expire. There is a laundry room which you could install a coin op laundry for additional income. There is an unused portion of the property which is bare land. It is a opportunity to add additional another structure with more units, or a small storage facility for even more additional income. Property tours subject to accepted offer only. DO NOT DISTURB THE TENANTS. Contact listing broker for Rent Roll and Financial Statements.
-
5BEDS
-
0.32ACRES
-
6BATHS
-
01/2 BATHS
-
5,656SQFT
-
$0$/SQFT
Description
MLS# 260881 DO NOT DISTURB THE TENANTS 7 unit apartment complex consisting of (3) one bedroom apartments, (3) studio apartments, and (1) two bedroom apartment. There is a main building with 5 units, and 2 stand alone units on the property. 6 of the 7 are currently rented. There are 4 recent leases, 2 have month to month and 1 recent vacancy. Current rent with the vacancy is $4450 per month. Rents are below market, so there is opportunity to increase income as leases expire. There is a laundry room which you could install a coin op laundry for additional income. There is an unused portion of the property which is bare land. It is a opportunity to add additional another structure with more units, or a small storage facility for even more additional income. Property tours subject to accepted offer only. DO NOT DISTURB THE TENANTS. Contact listing broker for Rent Roll and Financial Statements.
© 2023 Pacific Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Premier Solutions Realty | Kelly Right Real Estate of the Tri-Cities. Data last updated: 2023-06-02T19:39:50.17.