Centrally located within walking distance to downtown Elizabethton, this 4 unit apartment complex provides an excellent potential for return on your investment. This property features great original brick architecture and character with original hardwood floors and woodwork. The main front building consists of a lower and upper unit each having a spacious layout with three bedrooms, one bathroom, and washer/dryer connection. The back building features two units with the lower unit having one bedroom and 1 bathroom and the upper unit having two bedrooms and one bath. The potential monthly income on this property would be as follows: Front building each unit should rent for $600 a piece and the back building, the rent is $500 for lower unit with utilities included and the upper unit rented for $515 with utilities included. With potential income on $1900 per month, this property would easily cash flow and pay for itself. Opportunities are rare in finding quality investment property in such a highly desirable location. This property is a nice, easily manageable complex that would require little maintenance on the new owner's part. This property is priced aggressively to sell is being sold as is.
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.
