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Cash flowing 16 units (2 - 8 unit buildings). Looking for a solid investment property with room to increase cash on cash significantly? This is the one. Never any vacancy unless wanted for unit turns. Chippewa County has a strong need for affordable rental property. This property has 2 well maintained 8 unit buildings. About 1/2 the windows have been replaced. The exterior was recently painted and there is room to grow rents. 50 year Metal roofs on both buildings (approximately 10 years old). 2 BR units are 750 SF, 1 BR are 700 SF. Water, garbage and hot water are included in the rents. Tenants pay electricity, cable and internet. Coin operated laundry. Contact agent for P/L and showings. Strong, low maintenance, income producing property. Showing Time set for Thursday, April 3 at 4:00 pm. Please email agent if you would like to attend.
Property Type(s):
Commercial
| Tract | Evans Park 2nd Add | Year Built | 1976 |
|---|---|---|---|
| County | Chippewa |
SCHOOLS
| School District | Yellow Medicine East |
|---|
Additional Details
| AIR | Wall Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Range, Refrigerator |
| BASEMENT | None |
| CONSTRUCTION | Brick, Metal Siding, Vinyl Siding, Wood Siding |
| HEAT | Baseboard, Electric, Natural Gas |
| LOT | 0.83 acre(s) |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | Common |
| PARKING | Asphalt, Gravel |
| SEWER | Public Sewer |
| SUBDIVISION | Evans Park 2nd Add |
| TAXES | 7484 |
| ZONING | Residential-Multi-Family |
Listed with RE/MAX Advantage Plus
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