Rare opportunity to own a fully leased 5-unit investment property with a strong 9.5% cap rate in a desirable rental area. This well-maintained multifamily building features a total of five apartments—three 2-bedroom/1-bath units and two 1-bedroom/1-bath units, making it a balanced and attractive option for any investor. Two of the units have been tastefully updated with tile flooring in the kitchens, fresh paint, wall-to-wall carpeting, and modern appliances. The remaining three units also feature wall-to-wall carpet and have been maintained by long-term tenants, ensuring stable occupancy and consistent income. Each apartment comes equipped with a microwave, oven/range, refrigerator, washer, and dryer, offering desirable in-unit amenities. Tenants are responsible for electric and cable/internet, while the owner covers snow/ice removal, lawn care, and dumpster service. The two 1-bedroom units are on a shared electric meter, which is covered by the owner. In addition to its low-maintenance appeal and strong current returns, this property offers immediate upside—rents are currently below market, presenting a prime opportunity to increase cash flow with minimal capital investment. With reliable tenants, modern conveniences, and room for rent growth, this property is a smart, income-producing asset ready to enhance any portfolio. LA has ownership in property. Schedule a Private Showing

Listing courtesy of GLVR / Grace Realty Co Inc

Last checked: Checking… • Last updated Jun 21, 2025 • Source: GLVR

MLS# 759761 — Report a problem