Fully leased 16 unit multi-family opportunity, only 1 mile from popular Park Circle. All units are 1BR/1BA and all were fully renovated in 2021. In addition, there is residual land on the same parcel for potential additional multi-family development (estimated residual acreage is .35). An additional 16 unit structure was located on the property but was destroyed by fire prior to the current owners purchase. Common area coin-operated laundry leased on both floors (revenue split 50/50 with vendor).
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Year Built: 1967
Rent Control: No
Pool Private: No
Garage: No
Attached Garage: No
Fireplace: No
Lot Size: 0.87
Lot Size Units: Acres
Acres: 0.87
Lot Sqft: 37897.2
Irrigation Water Rights: Yes
Mobile Home Remains: Yes
Property Type: B
Stories: 2
Foundation: Crawl Space
Exterior: Brick Veneer
New Construction: No
Roof: Architectural
Property Subtype: None
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Structure Type: More than 4
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft: 10464
Number of Units Total: 16
Heating: No
Cooling: No
Waterfront: No
Courtesy of listing office Southeastern Management Group,