***ATTENTION INVESTORS*** 12 student apartment complex. Great investment opportunity with a very positive cash flow. There are 3 units, each with 4 bedrooms accommodating 12 students in all. There is a two-story duplex and a single-story ranch home on the property. All utilities are separate with separate gas, electric and water meters for each unit. Students pay their own utilities. The duplex rents for $1,900 per student per semester and the ranch home rents for $2,000 per student per semester. This produces a gross income of $46,400 per year! Summer rental can produce additional income. The kitchens and bathrooms have been remodeled and all appliances are included. Vinyl siding, updated electric and newer vinyl windows throughout. Bonus, the property also features it's own 12 space parking lot. Great location, close to downtown and a short walk to campus. If you are looking to expand your income property portfolio or want to get started in the student housing business, this is definitely one you will want to consider. Owner is a Real Estate Broker.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
