Overview
Five-Unit Income Property on 1.27 Acres
This income-producing property features a five-unit community situated on a 1.27-acre lot. The property includes multiple buildings, with units separated from the street by a block wall. 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, is an 800-square-foot, two-bedroom, one-bathroom unit generating $1,200 monthly. Unit C, the other half of the duplex, mirrors Unit B with 800 square feet, two bedrooms, one bathroom, and $1,200 monthly income. Unit D, the front half of a duplex, offers 1,800 square feet, three bedrooms, and 2.5 bathrooms, plus a two-car garage, and is currently vacant with a potential income of $2,500. Unit E, the rear half of the same duplex, provides 1,800 square feet, three bedrooms, two bathrooms, and a carport, also currently vacant with a potential income of $2,500. A three-bay stand-alone building is also present but 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 supplied with power and water from a community well. Recent upgrades include a new roof and drain field on the building containing Units D and E, a total electrical upgrade to the entire property, and an upgraded community well. The entire complex has been well maintained.
