Prime Investment Opportunity!! Don't miss this well-maintained and professionally managed 6-unit apartment complex set on over 3 acres with more than 500 feet of frontage along the Swift River. The property includes five 2-bedroom, 2-bath townhouse-style units, each approximately 1,200 square feet, and one spacious 3-bedroom, 2-bath unit with about 1,700 square feet. Two units have patios, the rest have decks. All units are in great condition and produce strong cash flow. Recent improvements include a new septic system for one building and a newer drilled well, tree removal, driveway regrading and other items. Radiant heat on the 1st level and baseboard hot water on the 2nd level in all units by propane. Gross annual income is approximately $118,000. Tenants pay their own utilities and can enjoy the common area at the river. Conveniently located just off Route 113 and close to town, this property combines a strong return with long-term potential.
Annual Expenses
Taxes: $14,616
Income
Gross Income | $118,800
NetIncome | $87,350
Appliances : Water Heater off Boiler
Construction: Wood Frame
Year Built: 2003
Style: Apartment Building
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 7700
Above Grade Sq.Ft.: 7700
Basement: Slab
Exterior Color: Beige
Roof: Metal
Seasonal: No
Heating: Baseboard | Hot Water | Radiant
Cooling: None
Electric: 100 Amp Service | Circuit Breaker(s)
Trash: Cans
Utilities: Cable at Site
Electric Meters: 7
Gas_Meters: 6
Water: Drilled Well | Private
Sewer: Leach Field On-Site | On-Site Septic Exists | Private | Septic | Septic Design Available
Land Information
Country Setting | River | River Frontage | Secluded | Waterfront | Wooded | Rural
Lot size: 3.29 acres
Zoned: TAMWOR)
Surveyed: Yes
Flood Zone: Land Onl
Driveway: Gravel