Courtesy of Dustin Batuik of Sterling Real Estate.
LOCATION, LOCATION, LOCATION! RARE OPPORTUNITY to own this 5-Plex in the Heart of Downtown offered by a LONG TERM OWNER! Although much of it is in Original Condition, this Property has been Excellently maintained! Featuring 2 x 2 Bedroom Units upstairs, 2 x 1 Bedroom Units in the basement & a 3 Bedroom Spacious Main floor Unit. This property could operate @ 4.94% Cap Rate with Net income after a market value Annual rent of $79,200 - EASILY! Great Holding Property with Large Scale Zoning! This property is Very Turn Key and features Multiple Entrances for complete tenant/owner privacy PLUS a 33 x 22" Triple Car Garage along with about 5 Exterior parking stalls on the driveway. The owners fenced backyard is a Beautiful Peaceful serenity amongst the busy vibrant life of downtown! All Fire Code permits are up to date. This is the Opportunity to be a few steps from Jasper Avenue in a Centralized portion of Downtown. Excellent Purchase for Large Family / Investors to Buy & Hold or Develop in a Clean Central Spot
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