1 Cheney St
$590,000
5
Beds
5
Baths
2,920
Sqft
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$590,000
5
Beds
5
Baths
2,920
Living Area
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Property Description
Turnkey investment opportunity! This fully occupied five-family property features five one-bedroom apartments with separate utilities. Tenants are responsible for their own utility expenses, offering an efficient setup for the new owner. Each apartment received new flooring and a new electric hot water heater approximately four years ago. A paved driveway, also completed about four years ago, provides convenient off-street parking. A great opportunity to add an income-producing multifamily property to your portfolio.
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Highlights
- Heating: Electric
- Parking Spots: 10
- Property Type: 5-9 Family
- Total Rooms: 15
- Status: Active
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1910
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Additional Details
- Appliances: Range, Refrigerator
- Foundation: Other
- Lot Features: Cleared, Level
- Roof: Shingle
- Total Number of Units: 5
- Year Built Source: Public Records
- Construction: Frame
- Interior Features: Living Room, Kitchen
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: A
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat, Conservation Area, House of Worship, Public School
- Waterfront Features: Lake/Pond, Beach Ownership(Public)
- Parking Features: Off Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $337,300
- Tax Year: 2026
- Total Rent: $6,200
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
- Taxes: $5,599
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Four Columns Realty, LLC.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.