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Listing ID: 3523231
Status: Active
Type: Commercial/Business
Square Foot: 5400
Lot Size/Acres: 5.00
County: Miller
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Property Details

3 duplexes - 6 units. Owner has never had more than one month of vacancy since 2012. All tenants are on year leases, owner renews the leases year by year, no month to month leases. All leases include water & sewer, and appliances included for all units are: washer/dryer, stove, fridge, dishwasher, garbage disposal and microwave. Very easy maintenance, almost no common area maintenance expense per year. Owner has placed all HVAC units & water heaters on back side of units that can be accessed from the private entry, making it very easy for the owner to change furnace filters and maintain systems. Great opportunity to provide yourself with some cash flow in real estate ownership. Current CAP Rate is 8.4%. Where else can you find an 8% return on your money? Property comes with 4 acres, but more can be had if desired for additional buildings. Taxes shown are for the entire property, along with owners private shop. Once subdivided, taxes should be around $2400 per year.

Year Built / Age: 2012
Listing Status: Active

Listed by: John Farrell Real Estate Co.

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