Looking for an investment property that will cash flow on day 1?? Well here is great opportunity to get into Real Estate or to add to your current portfolio!! This 6-Unit Complex has a very low vacancy rate! Opportunities like this rarely come available for sale! Please contact one of our agents to learn more or to arrange a private tour!
Total Units: 6
- 4 units: 2-bedroom, 1-bath
- 2 units: 1-bedroom, 1-bath (located on the bottom level)
Current Rents:
- Units 1, 2, and 3: $750/month
- Unit 4: $825/month (lease expiring in October 2025)
- Units 5 and 6: $650/month
- Gross Income currently $52,500 per year
- All units Except for Unit 4 are currently on a month to month lease.
Exterior:
- Vinyl siding installed in the 1990s
- Roof shingles approximately 12-15 years old
- New deck added to the west side in 2024
Utilities:
- Tenants responsible for Mid-America services(Electric)
- Owner currently pays city water, garbage & sewer services
- Units 5 and 6 share a water heater
- Electric baseboard heating and window air conditioning in each unit
Common Areas:
- Shared common laundry facilities in the basement
Maintenance:
- Snow removal currently managed by B & K Landscaping
- Lawn Care would be the new owner’s responsibility or hire professional company
Taxes/Expenses:
- Real estate taxes: approx. $4,942 per year
- Annual utility expenses: approx. $8,000
Investment Opportunity: Stable rental income with low-maintenance living in a desirable location
Year Built: 1971
Lot Size: 106 x 145
Property Tax: 4,942 per year
Roof Type: Asphalt
712.476.9443 
info@zomercompany.com
