Investment opportunity. This 14 unit apartment building generates approximately $121,000 per year gross income with operating expenses of approx. $15,000 this a great investment property with a very positive cash flow. The property is usually 100% occupied and the seller is selective as to tenants. The owner only in the past several months installed metal roofing over the entire building. Located in the heart of Victoria close to school and in a good area. This property is presently financed with a financial institution and the list price is less than a recently completed professional appraisal of the subject property. This is a great opportunity for an investment property. (id:47423)
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Detailed Information
Equipment
None
Listing Contract Date
2024-06-27
Ownership Type
Freehold
Property Type
Single Family
Rental Equipment
None
Transaction Type
For sale
Zoning Description
Comm.
Building
Appliances
Refrigerator, Stove
Constructed Date
1960
Construction Style (Attachment)
Detached
Exterior Finish
Vinyl siding
Flooring Type
Laminate, Other
Foundation Type
Concrete
Heating Fuel
Electric
Heating Type
Baseboard heaters
Type
Multi-Family
Utility Water
Municipal water
Land
Total Size
99 x 240 x 108 x 245' | under 1/2 acre
Sewer
Municipal sewage system
Size of Irregular Land
99 x 240 x 108 x 245'
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