$185,000
MLS#: 1647225
- Type: Multi-family
- Lot Size: 1.6 Acres
- Year Built: 1989
- Square Feet: 1,830
Property Details
Investment opportunity featuring three parcels at one location: 6, 7, and 8 Pleasant Street.
OFFERING UP TO 10% SELLER FINANCING
Please do not disturb tenants, this is a dead-end street. Last 200' or so is maintained by owner.
6 Pleasant Street is a vacant lot with no structure currently on it. Some infrastructure is already in place, offering future development potential.
7 Pleasant Street is the larger parcel and includes a 3-bedroom, 1-bath mobile home. The unit is currently rented for $1,150 per month, with the tenant responsible for all utilities except sewer.
8 Pleasant Street features a 2-bedroom, 1-bath mobile home with a Section 8 tenant, also generating $1,150 per month in rent. Rent hits the first of every month.
Both tenant have been in place for over a year with no issues and have expressed wanting to stay for years to come.
This property offers immediate cash flow with two occupied units that comfortably cover expenses, making it a strong option for both seasoned investors and those looking to enter the rental market. There is additional upside through potential rent increases and the opportunity to add a structure to the third vacant lot, subject to buyer due diligence and local approvals.
A solid income-producing property with built-in value-add potential in a convenient location.
These are agent owned properties, and have never been lived in by seller.
Property Listed by: CENTURY 21 Queen City Real Estate
Home Features
Below Grade Finished Area ±:
0
Above Grade Finished Area ±:
1830
Land Features
Electric:
Circuit Breakers
Road Frontage:
Private Road
Road Surface Type:
Gravel
Map (approximate)