111 W 9TH Street

This six plex has all the things you're looking for in an investment: recent updates, excellent income returns & a great location. Professionally managed has had 100% occupancy for years. It is four- three bed, one bath units and two-two bed, 1 bath units. All leases run through April or May of 2024 and income is $5700.00 month. Owners pay trash, yard and snow care. There is commercial dehumidifies on each side of crawl space and owner pays the electrical fee for those plus building and parking lot lights. Tenants pay water and electric for their units. Improvements and updates are: New roof & maintenance free decks railing in 2012, new siding, windows & exterior doors in 2015 and in 2021 owners spent $79K in renovations that included painting all walls and ceilings, new flooring, countertops and backsplash in kitchens, new bathroom vanity and hardware, new plumbing fixtures in kitchen and bathroom (including toilets),new lighting and fans. All new washers / dryers in units in 2020. There is room to build a shop/garage or office to the East of building, buyer to verify with city.