*Just Reduced for quick sale!! Great opportunity to own an income producing property with many uses!!! Currently there are 2 tenants in the 2 story building. First floor is now vacant available for leasing asking $1,500 a month.
*Second floor is a 3 to 4 bedroom apartment with 1.5 baths and the apartment was completely remodeled before the tenant moved in 2 years ago. Also first floor was renovated 2 years ago.
*Owner put in floating floor, painted, updated the 2 half baths on first floor and all roofs on all 3 buildings were replaced in 2015. Also there is an unfinished basement with 1025 sq ft it is unfinished because water does come in through basement door but can be used for storage.
*Great income from the storage units as well!!!! There are 23 units total 16 are large approximately 10 X 26 and 7 small units approximately 10 X 10. Long term tenants in many units!! Current rental rate is $120 for large and $80 for small units.
*Apartment current rental rate is below market value Owner rented to somebody he knew at a lesser rate. The apartment should bring in $800 a month or it could be broken up into office space and rent the rooms separately.
*Many sources of income if one tenant moves out you still have the storage to keep the income coming in!!! Owner put all new garage doors on large units and new siding on the trim 2 years ago. Gutter have been added and concrete and asphalt to route water away from the buildings.
*There is an additional triangular shaped lot just outside the fence address is 2705 R S 7th consist of 0.0462 of an acre can expand the fencing out to make more parking for the storage and 2 story building. This lot is deeded separate but is included in the purchase of this property.
*People move in and out of storage frequently but on average the monthly income is $3000 a month. Owner pays taxes and insurance tenants pay utilities!!!!!
