000 Tanglewood Place

Unique investment opportunity! This well-maintained property on Tanglewood place offers a total of 13 rental units--including six duplexes (12 units), each approx. 950 sq. ft. with 2 bedrooms, 1.5 baths, laundry room, and attached 1-car garage, plus a charming 2-bedroom, 1.5-bath home (approx. 1,100 sq. ft.) with an attached carport and a large detached garage/storage building. All appliances convey--including refrigerators, electric stoves, built-in microwaves, washers, dryers, and kitchen garbage disposals--making these units truly turn-key. Every garage also has a remote opener for tenant convenience.Inside, the bedrooms feature cozy carpeting, while laundry, baths, and kitchens are finished with durable vinyl flooring, and living rooms have attractive wood laminate floors. Each unit also includes ceiling fans in the largest bedroom and the living room. All units are connected to city water and sewer.A special feature is the full basement beneath one duplex, used by tenants for storage and as a safe place during severe weather. This small, private community is tucked away on its own cul-de-sac, with a private street. Each unit is separately metered with tenants paying their own electric and propane (propane for heating only).Lovingly built and cared for by the same owner for 30 years, the property shows pride of ownership throughout. Current rents are $650/month for the duplexes and $850/month for the home. Several tenants have been in place for over 10 years, and while rents are below market, there is excellent potential for increased cash flow under new ownership. The seller also maintains excellent records, available for serious buyers to review.This is a rare chance to acquire a stable, long-term investment with upside potential in a well-kept, owner-built community.Includes the Home on 707 East Maple and The Duplexes at 501-508, 510, 512, 514, and 516 Tanglewood Place