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$920,000
12
Beds
6
Baths
5,136
Living Area
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Property Description
Turnkey 6-unit investment property offering strong cash flow and a proven rental history. The end-of-year 2025 cap rate was 8.99%, with clear potential for immediate upside upon new ownership.The property consists of six 2-bedroom units, four units are equipped with space heaters, while two units feature forced air systems. All tenants are at will, providing investors with the flexibility to adjust rents to market rates and maximize returns.The building is set up for efficiency with separate utilities, with tenants responsible for their own expenses, helping keep operating costs low. Key updates have been completed, including electrical improvements and renovations throughout. This is an ideal opportunity for investors seeking a stable, income-producing asset with value-add potential, strong fundamentals, and the ability to increase NOI and long-term equity.
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Highlights
- Heating: Space Heater, Forced Air
- Property Class: Residential Income
- Stories: 10
- Year Built: 1900
- Levels: 10
- Property Type: 5-9 Family
- Total Rooms: 24
- Status: Closed
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Additional Details
- Appliances: Range, Refrigerator, None
- Foundation: Other
- Lot Features: Other
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: N/a
- Basement: Full, Partially Finished
- Interior Features: Living Room, Kitchen
- Road Frontage Type: Public
- Total Number of Units: 6
- Year Built Source: Public Records
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Utilities
- Electric: 100 Amp Service
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $538,400
- Tax Year: 2025
- Total Rent: $5,500
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
- Taxes: $6,165
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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 Keller Williams South Watuppa.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
