Description
Unique investment opportunity in Parkland School District! The property features 3 separate dwellings including a 3 bedroom, 2.5 bath farm home, a 4 unit detached property with on site laundry facility and a detached 3 car garage with 2nd story. This is a great income producing property bringing in 6.8% cap rate and net income of 56k. All tenants have been in place at least two years. The main house is updated stone farmhouse w/ modern addition, dual central air unit, granite countertops, ceramic tile baths, stone fireplace & hardwood flooring; well maintained by a long term tenant at 1850/month. The four unit consists of unit one, a 2bed/1bath $1050; unit 2, a 2bed/1bath updated paint & carpet $1400; unit 3, 1bed/1bath $750; unit 4, 2bed/1bath $890. Each unit has their own water heater and electric baseboard heating systems. All month to month and would love to stay. On site laundry makes 1k a year. 3 bay garage produces 500/month. Situated on a quiet country setting of 1.45 acres!
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0BEDS
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1.46ACRES
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0BATHS
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01/2 BATHS
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5,016SQFT
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$164$/SQFT
Description
Unique investment opportunity in Parkland School District! The property features 3 separate dwellings including a 3 bedroom, 2.5 bath farm home, a 4 unit detached property with on site laundry facility and a detached 3 car garage with 2nd story. This is a great income producing property bringing in 6.8% cap rate and net income of 56k. All tenants have been in place at least two years. The main house is updated stone farmhouse w/ modern addition, dual central air unit, granite countertops, ceramic tile baths, stone fireplace & hardwood flooring; well maintained by a long term tenant at 1850/month. The four unit consists of unit one, a 2bed/1bath $1050; unit 2, a 2bed/1bath updated paint & carpet $1400; unit 3, 1bed/1bath $750; unit 4, 2bed/1bath $890. Each unit has their own water heater and electric baseboard heating systems. All month to month and would love to stay. On site laundry makes 1k a year. 3 bay garage produces 500/month. Situated on a quiet country setting of 1.45 acres!
©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-10T13:03:43.69.
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