Residential/ commercial investment, 4 Apartment 100% leased , Two of them 1 BR and Two 3 BR. and two retail store leased for total of $1950 Gross Lease. See my website for full info.
State business / very successful business / great return on investment/signed 5 year lease. Almost 3 beautiful acres, open concept. Lots of storage, handicap excess-able. 2 full baths. Bedrooms all large. Over-sized garage with individual storage (Has required alarms). Please this is an adult group home, be kind and gentle. Pre-qualified buyers only.Will not be disappointed. GENERATE $21000 NET/YEAR, STEADY BUSINESS FOR 5 YEARS LEASE COULD BE EXTENDED ANOTHER 5.
As for the property itself, Margo Manor is comprised of two ranch style buildings with 24 spacious two bedroom apartments. The property is outfitted with a tenant-paid, gas forced air heating system and the units are separately metered for electricity. The property was built in 1978; however, in early 2005 the previous owner replaced gutters and windows at the property. The commercial space has 4-1200 square foot units at the front of the property. Margo Manor is currently 100% occupied and management has indicated that they expect to increase rents by the end of the year as a result of an aggressive leasing campaign. Currently the street rents being charged are $500; however, it is IPO' s professional opinion that if a purchaser were to implement a unit upgrade program they would realize substantial gains through rental rate increases.
Wood Creek II Apartments contains a total of 12 units of which three units are one bedrooms, six are two bedrooms and three are three bedroom. Recent capital improvements that have taken place in the last 10 years includes windows, boilers and a hot water tank. All apartments contain newer appliances with a spacious floor plan. Wood Creek is currently 100% occupied.
GREAT INVESTMENT! BEAUTIFUL ALL BRICK 12 UNIT APARTMENT COMPLEX. 100% LEASED. VERY WELL MAINTAINED. NEW WINDOWS, DOORS & BRAZILIAN CHERRY FLOORS THROUGHOUT. NEW ROOF & CEMENT. (9) 1 BEDROOM UNITS LEASED FOR $500.00/UNIT/MONTH. (3) 2 BEDROOM UNITS LEASED FOR $550.00/UNIT/MONTH PRICED TO SELL.
GREAT INVESTMENT! BEAUTIFUL ALL BRICK 6 UNIT APARTMENT BUILDING. 100% OCCUPIED. NEWER ROOF (2010). 1 WASHER, 2 DRYERS. 2 TENANTS ARE PAYING CASH, ONE HAS BEEN THERE FOR 2 YEARS, THE OTHER 4 YEARS. VERY WELL MAINTAINED. PRICED TO SELL!
GREAT INVESTMENT OPPORTUNITY! 6 UNIT APARTMENT BUILDING 100% LEASED. LONG TERM TENANTS. (3) 1 BEDROOM UNITS APPROXIMATELY 700 SQ FT UNITS, (3) 2 BEDROOM UNITS APPROXIMATELY 780 SQ FT UNITS. LANDLORD PAYS FOR UTILITIES. CARPORT & BASEMENT STORAGE FOR TENANTS. INCLUDES OFFICE/STORAGE UNIT FOR OWNER. WASHER & DRYER MAKE APPROXIMATELY $100.00/MONTH. VERY WELL MAINTAINED BUILDING. BRING OFFERS!
Fraser Manor is comprised of 18 large 700 ft.2 one-bedroom units that include private entrances, kitchen upgrades (numerous units), and tenant-paid, electric-forced air heating/cooling. The complex was built in 1969 and is located less than ½ mile from the intersection of Utica Rd. and Groesbeck Hwy. Over the course of the last few years the property has received significant capital improvements. Because the complex has seen recent replacement of many major building systems and components, a buyer will benefit tremendously, as cash flow will not be diminished due to replacement needs.