Group showing offered at 6 PM Tuesday & Wednesday 9/8 & 9/9, all are welcome, please send a text if you are attending, COVID-19 Guidelines Apply. Rare Opportunity ~ approved for 6 apartments, currently operating with 14 units yielding approx. $128,000 gross income, and the LOW property tax helps the bottom line. Easily converted to 6 units yielding similar gross income). Currently rented week to week, so vacancy is never a problem, and some tenants have lived here for 18yrs, the weekly rent offers the owner an extra month of rent each year ~ $10,638 extra each yr. The sprawling park-like 1.3-acre complex consists of 3 separate dwellings, paved off-street parking, a large decorative koi pond fed by a separate well, and newer playset included. Includes a single detached two-story Dutch Colonial home with porch, Living RM, Kitchen, Full Bath, and one-bedroom, and equipped with water heater & LP Fireplace; rented for $300 week. Another detached structure located between this home and the ranch home, consists of two separate efficiency apartments, each efficiency has a kitchenette, Full Bathroom, and one-bedroom; rented for $225 week, each, plus it has a large utility/storage room (potential garage) containing the water heater system for these two units. The third building is an expanded ranch home with a common entrance and hallway to 11 dorm-style apartments, each with private full bathroom (one apartment's bathroom is accessed via common hallway) (some have an additional private exterior door), the dorm-style apartments are served by two common area kitchens, one on each level, the utilities include two newer water heaters (6-month-old), oil heat, Central Air (most of the Central Air system is new), plus supplemental HVAC window/wall units. The 4 basement apartments rent for $150 a week, each, and the 7 main level units rent for $165 a week, each. A total of 3 units are permitted in this building, with the existing 11 bedrooms and 11 full bathrooms to work with, it would be easy to create 3 exceptional units offering similar income, or add a simple doorway between adjoining apartments to create 2 BR 2Bth apartments, or make Br2 into a great room/kitchen in each unit - the plumbing is there already, and would rent for a similar accumulative total amount. The owner installed a coin-operated laundry in the basement for added income and tenant convenience, the washer & dryer are approx. 2yrs old. Each apartment is furnished, including a TV (some tenants use their TV & furniture, the unused provided furniture & TV are stored on property & included for the next tenant). Security Camera System included; the cameras can be viewed on your phone. An included LP backup electrical generator can supply the entire property in the event of a power outage. The property is served by two wells with submersible pumps, one well is a backup and is kept fresh by supplying water for the pond. Landlord pays electric, heat, hot water, Cable TV/wifi, Sewer, Liquid Propane, and provides well water. Property is AS-IS, Inspections permitted for information only. The Flag Lot places the property far off the hustle & bustle of Rt.30 This delightful Gordonville/ Paradise location is served by public transportation, the LanCo Bus route almost stops at the door. Overview of apartment rents: 4 Basement Apartments in Ranch: $150 week each; 7 Main-Level Apartments in Ranch: $165 week each; 2 Efficiency Apartments in Center Building: $225 week each; 1 Single Detached Apartment in Dutch Colonial: $300 week, totaling over $128,000yr
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