$630,000

Estimated payment $3,968/month

Total Views 1,385
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Incredible Investment Opportunity! This well-maintained 9-unit multifamily building features all spacious 2-bedroom units, offering excellent rental appeal and consistent monthly revenue. Partially renovated, the property in few updated units, refinished hardwood floors, new kitchen countertops, and fresh paint throughout the common areas. Recent improvements include a new roof (2019), energy-efficient hot water tank, individual furnaces, and energy-saving upgrades throughout the building. The property is fully occupied, making it a true turnkey investment with a solid return. Additional highlights include a 6-car garage, enclosed back porches, potential storage areas for tenants, a property management office, and a large backyard perfect for summer gatherings or future enhancements. Don't miss your chance to own a stable income-producing asset in a strong rental market!

Listing Agent

Carlas Gilbert

Prince Realty Group LLC License #471018028 Listed on: 08/01/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,333

Year Built

  • Built in 1926

Home Design

  • Garden Apartment
  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Additional Features

  • 2-Story Property
  • Forced Air Heating System

Community Details

Overview

  • 9 Units

Building Details

  • Electric Expense $2,004
  • Fuel Expense $1,815
  • Insurance Expense $7,684
  • Maintenance Expense $400
  • Trash Expense $2,112
  • Water Sewer Expense $5,885
  • Operating Expense $28,133
  • Gross Income $78,000
  • Net Operating Income $49,867

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,333

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats,Garden Complex
  • Stories: 2
  • Year Built: 1926
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required,Leases Avaliable,Standard
  • Estimated Age: Older
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Room: 4
  • Room: 4
  • Room: 4

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • List Price: 630000
  • Roof Structure: Flat

Garage/Parking

  • Indoor Parking: 6-12 Spaces

Utilities

  • Electric: Circuit Breakers
  • Heat/Ventilation: Forced Air
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 2112
  • Water Sewer Expenses: 5885
  • Janitor Expense: 900

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: less than .25 acre
  • Zoning: COMMR

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 49867
  • Fuel Expense: 1815
  • Insurance Expense: 7684
  • ElectricExpense: 2004
  • GrossIncome: 78000
  • Maintenance Expense: 400
  • NumberOfUnitsTotal: 9
  • OperatingExpense: 28133
  • Type Multi-Family: Flats,Garden Complex

Tax Info

  • Tax Annual Amount: 7333
  • Tax Year: 2023

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2025 08/01/25 For Sale $630,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12435373

Midwest Real Estate Data (MRED)

APN: 20341040250000