Sold for $225,000 on Jan 15, 2019
Multi Family Home Exceptional investment opportunity strategically located just outside the City limits (no city taxes or municipal utilities to pay). Whether you want to be an on site owner manager or rent all the units, this multi-unit complex offers a spacious updated main home (which could also be 2 rentals) with an attached garage, a 5 unit apartment building, a 3 bedroom home with a 1 car garage and 3 mobile home units. Potential monthly income of $5800. All units are rented with a continual waiting list. Includes 8 acres for future expansion, 2 water wells, 5 septic systems and 3 outbuildings. The main home is a raised ranch with over 2400 square ft, 3 bedrooms and 2 full baths. It has an attached garage and has the potential to be made in to two units (has separate entry's) for greater rent potential. The main home includes the range, refrigerator, washer and dryer. There's a large back deck overlooking a private yard and garden area. In addition to the residential units you have 3 large outbuildings for equipment storage and an on site workshop. The back 6 acres allows room for privacy behind the main house and room for future expansion. The 5 unit apartment building has a basement as does the the unit at 929 Court Street. Most of the units have had new appliances (range and refrigerator) in the past 5 years. The landlord pays for the dumpster and security lighting and the gas and electric in the apartment building units. The tenants pay their own utilities in the mobile home and single family residence units. All units are in good structural shape with the exception of 961 which is currently being used for storage and was planned for use as a community laundry facility. A rent roll is attached with a full breakdown of sizes, rents unit description, utilities, etc. The property is serviced by 2 water wells and 5 septic systems so there are no municipal water charges to add to your expenses. The property is being offered below the appraised value.