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So Much Opportunity! This Multiplex features 3 units, all w/ private entries. The spacious main floor unit is a 2bd/1ba w/ washer & dryer hookups. The upstairs & basement units are both 1 bd/1ba. The basement unit underwent a kitchen & bathroom update in 2021. Roof, soffit, fascia & gutters replaced in 2017. New furnace in 2023. Currently, the property is grossing $1,965, & there is significant potential to increase the rent on at least two of the units; maximizing your income. Additionally, the basement features a washer & dryer that could be easily converted into coin-operated, creating an additional source of income. This multiplex is an ideal investment for those seeking financial stability & a smart real estate opportunity. Take advantage of the chance to enjoy affordable living while leveraging the rental income from the other units to pay off your mortgage. Alternatively, capitalize on the demand for rental properties & generate substantial cash flow by renting out all 3 units.
Property Type(s):
Multi Family
Last Updated | 5/27/2023 | Tract | Near South - CVDU |
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Year Built | 1915 | Community | Lancaster |
Garage Spaces | 1.0 | County | Lancaster |
SCHOOLS
School District | Lincoln |
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Elementary School | Everett |
Jr. High School | Park |
High School | Lincoln High |
Additional Details
AIR | Window AC |
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AIR CONDITIONING | Yes |
APPLIANCES | Disposal, Range - Cooktop + Oven, Refrigerator |
AREA | Lancaster |
BASEMENT | Yes |
CONSTRUCTION | Wood |
EXTERIOR | Porch |
GARAGE | Detached, Yes |
HEAT | Forced Air, Gas |
LOT | Up to 1/4 Acre. |
LOT DIMENSIONS | 50 x 52 |
PARKING | 4 |
SUBDIVISION | Near South - CVDU |
TAXES | 2307.32 |
UTILITIES | Public Sewer,Public Water |
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