Sold!
$560,000
7
Beds
5
Baths
4,416
Living Area
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Property Description
Group Showing this Sunday, August 10th promptly at 10:00 a.m . Great Investment – 5-Family with Separate Utilities, This sought-after 5-family property is a prime investment opportunity. With total rents at $6,015 this offers over a 10% cap rate emphasizing its steady cash flow. Just a short distance from the Lake Dennison recreational area this property is located on a corner lot in a well-established neighborhood, it's close to shopping, schools, and area amenities. The property features separate utilities for each unit, with propane heating and new hot water tanks. Three of the five units have been fully revamped - two of which are in lease contracts. Two units offer washer/dryer hook-ups. The well-maintained common areas further add to the property’s appeal. This is a solid investment for those looking to add a multi-family property to their portfolio or an owner-occupant looking for rental income with future growth potential.
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Highlights
- Heating: Natural Gas
- Parking Spots: 5
- Property Type: 5-9 Family
- Total Rooms: 18
- Status: Closed
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1900
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Additional Details
- Appliances: Range, Refrigerator
- Construction: Frame
- Foundation: Block
- Lot Features: Corner Lot
- Roof: Shingle, Rubber
- Total Number of Units: 5
- Year Built Source: Public Records
- Basement: Unfinished
- Flooring: Vinyl
- Interior Features: Living Room, Kitchen
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: R4
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Amenities
- Community Features: Shopping, Park, Walk/Jog Trails, House of Worship, Public School
- Parking Features: Off Street
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Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $284,000
- Taxes: $3,337
- Tax Year: 2025
- Total Rent: $6,015
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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 Points Real Estate, LLC.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
