EXCELLENT INCOME-PRODUCING PROPERTY! - 4 BUILDINGS - 13 UNITS - 100% OCCUPIED!
It's situated on a spacious 3.46-acre lot in the prime Monticello area.
The addresses are #808, #812, #818, and #820 State Route 17B with an SBL of 17-1-2.
Building #808 has 5 units with 4 two-bedroom units and one studio unit. Building #812 has 6 units with four two-bedroom units and two one-bedroom units. Building #818 is a three-bedroom, ranch-style home while Building #820 is a one-bedroom, one-loft bedroom cottage.
Most apartments are currently occupied and generate additional income from a public laundry room. Many units have been recently renovated, ensuring excellent condition. The property offers significant potential for additional income, including options to separate utilities and add more units.
A recent appraisal valued at $1.8 million!
WITH A PRO FORMA CAP RATE OF NEARLY 9%, THIS IS A FANTASTIC INVESTMENT OPPORTUNITY!