10.3%+ CAP at asking, $120,900 Gross Income, $98,000 Net Income, and LAND to build another apartment building on SITE. These two apartment buildings are on 1.24 acres with 6 units on two parcels, sold together or separately. 4025 Main St is a 2,473 SF converted house including two 2 units, a 2-car garage, and significant updates. 4029 Main Street is a 4,488 SF apartment building with FOUR 2BR units and a covered parking garage in the rear. All units are 2BR/1BA with separate entries. 12+ parking spaces (6 paved, 4 covered carports, plus 2 car garage). Built in 1950, extensively renovated and converted into residential suites in 2005. Since then, there have been many upgrades to the exterior/interior within the past 5 years. All units have central air and private entry. All units have oversized bedrooms with a porch or balcony as well as large living/family rooms and eat-in kitchens. All kitchens and bathrooms are renovated and show very well to command the rents for the area. All units have washers and dryers. The rear of the property offers a large area of land for potential development or expansion (requires zoning confirmation). Acceptable offers within 5% of the asking price at or above $910,000 will be presented to the seller and will have serious consideration if within reasonable terms. NOTE - The owners love this property but live 1.5 hours away and due to the distance, they are selling to the lucky buyer. Potential to sell separately, inquire further.

Listing courtesy of GLVR / EXP Realty LLC

Last checked: Checking… • Last updated Mar 11, 2025 • Source: GLVR

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