Attention investors! Build a portfolio in the northland. Well maintained fully occupied 10 unit apartment building with 4 two bedroom units and 6 one bedroom units. Many upgrades including new roof, new high efficiency heating system, on demand hot water, and new commercial water softener system. All units have been updated and all 10 units have new rear decks and front porches. Steel siding and many new windows throughout. Property has been well managed and is fully occupied with no delinquencies. Rental performance is 5600/mo and all utilities are tenant paid. Rents are below market, significant opportunity to optimize cash flow and value. Purchase separately or as a portfolio package with 1101 N 7th Avenue.
|INSPECTION CONTINGENCY (from ACTIVE)||–||–|
|Price Reduced (from $549,000)||$499,000||$50,000 (9.11%)|
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