Multifamily Investment Opportunity
12 Bedrooms - 10 Bathrooms - 8350 SF
All tenants are month to month, current unit mix with current rents are below. Rents are being raised as well.
Unit A - 4 bed/ 2.5 bath - 2600 SF - $1,500
Unit B - 4 bed/ 2 bath - 2350 SF - $1,300
Unit C - 1 bed/ 2.5 bath - 1900 SF - $1,000
(note: 2 bedrooms are being used for storage, space not used for storage is 1200 sq ft)
Unit D - 3/2.5 - 1500 SF - $1,100 (soon increased to $1350)
Gross Monthly Rental Income: $5,000/month
● Electrical and trash are handled by renters (Total electric)
● Water is supplied by on-site water well.
● Electric bill for water well $70.50/month for last 12 months. (Owner Responsibility)
● Sewer is on-site septic system. Each unit has a septic tank. Owner has tanks
pumped every 12-24 months as necessary (if necessary). Cost per tank to pump is
$195-$300 depending on company utilized. Lateral fields have not been touched (i.e.
they are non-problematic)
● Property taxes are about $4000 per year
● Insurance is about $300/month
● Roof good condition and less than. 7 years old
● HVAC: Unit A is less than 8 years old. Units B, C, D are 2016 installs. Each have
zoned HVAC for ground floor and upstairs. All are heat pumps.
● Plumbing is current generation PEX supply.
● Schedule 40 sewage runs
● Foundation is overbuilt and solid (no problems)
● These units were over-built with care and attention with structural integrity.
● Prime location- Bridge Creek
● Homes across the street with a nice view and pond with land. Large homes
● Land on east side of property is 18 acres MOL. Borders State Hwy 4. Paved County
road bisects land mass and provides access to Hwy 4.
● Not platted and not zoned. Original plan was to do primarily light commercial/retail
with some duplex/triplex residential investment property. No heavy/industrial
Link to more pictures and videos:
*There are 17 acres zoned commercially on an adjacent parcel which are also available for sale. This may be ideal for builders and developers in the area. Room to grow your community and add additional residential units along with amenities like a pool, gym,
Can be purchased as a package for $1.4M
"Brick by Brick"
PROMISE LAND REALTY, LLC
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. *Realtors add your fee on top*