Overview
Five-Unit Income Property on Acreage
This income-producing property features a five-unit community situated on 1.27 acres. Unit A is a 400-square-foot, one-bedroom, one-bathroom stand-alone unit with a monthly income of $1,150. Unit B, half of a duplex, offers 800 square feet with two bedrooms and one bathroom, generating a monthly income of $1,200. Unit C, the other half of the duplex, mirrors Unit B with 800 square feet, two bedrooms, and one bathroom, also producing $1,200 monthly. Unit D, the front half of a duplex, provides 1,800 square feet with three bedrooms, 2.5 bathrooms, and a two-car garage; it has a potential income of $2,500 and is currently vacant. Unit E, the rear half of the duplex, features 1,800 square feet with three bedrooms, two bathrooms, and a carport; it also has a potential income of $2,500 and is presently vacant. Additionally, there is a three-bay stand-alone building that is not currently rented. The property's annual expenses include $4,779 for insurance, $10,566 for power, and $5,321 in taxes. All units are separated from the street by a block wall and include power and well water. Recent upgrades include a new roof on Units D and E building, a new drain field on Unit D and building, a total electrical upgrade to the entire property, and an upgraded community well. The entire complex has been well maintained.
