2031 3rd Street

About this listing

Incredible opportunity alert! This 12-unit Apartment Complex is a fantastic deal, priced below its last appraisal of $780,000. The motivated seller is eagerly awaiting your offer! The complex consists of 8 units in the 2031 3rd building and 4 units in the 2033 3rd building. The 8-unit building boasts two stories, while the 4-unit building is a single-story structure with a porch at the rear and the added benefit of some covered parking spaces. Both buildings feature covered walkways that open onto a charming courtyard nestled between them. Please note that the complex is not individually metered for gas and water. The property taxes are $1,219.34 yearly, and it's located in Flood Zone AE. The current flood policy costs $4,353 per year for the 2031 building and $2,638 per year for the 2033 building. Recent improvements include a roof replacement in 2021 for both buildings, ensuring long-lasting value and protection for your investment. Many of the units have undergone remodeling, and most are already rented. The seller is actively preparing the vacant units for rent, presenting an excellent income-producing opportunity. This is your chance to own a thriving Apartment Complex with great potential. Act now, make your offer, and secure this outstanding investment today! Don't wait; it won't be available for long.