Excellent opportunity to acquire a well-established investment portfolio featuring six rental units across five properties, with a strong history of long-term occupancy. The portfolio includes 715 N. James Street (1 bedroom, 1 bathroom) with an approximately 8-year tenant, 521 N. Springer Street (2 bedroom, 1 bathroom) with a tenant of 10+ years, 110 S. Forest Avenue (2 bedroom, 1 bathroom) with a long-term tenant, 1108 W. Walkup Avenue (3 bedroom, 1 bathroom) with an exceptional 20-year tenant, and 1109 W. Walkup Avenue, Unit A &B consisting of a 2-bedroom 1-bath unit and a 1-bedroom, 1-bath unit. The back unit is currently occupied by a long-term tenant, while the other is being remodeled, creating an opportunity to increase rental income with a new tenant. This portfolio is ideal for investors seeking stable cash flow, as these are long-term rentals. Whether you're looking to expand your existing portfolio or make a turnkey investment, this package offers immediate income with additional upside potential.
— the listing agent’s description
The home
Built in 1943
Lot 60X150
Multi Family 5+
What it’ll cost
$11,807 taxes / yr
No HOA
7 days on dwello
Estimated monthly payment
$2,998/mo
Principal & interest$1,909
Property taxes$984
Homeowners insurance$105
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