This is an extraordinary turn-key investment opportunity for the next lucky owner. Established cash flow, updated throughout, fully furnished, 100% occupied, and continuously increasing demand. Please note that the 322 E. College lot is also included in the sale for a total land area of over 10,000 square feet! It's quite a substantial property at 3,701 sq. ft. above and bonus unfinished space below. It's conveniently located in the Jackson-Smoketown area between UL's main campus and downtown. It's been an incredibly appealing housing option for traveling nurses and other Airbnb bookings. A few of the tenants have liked the arrangement so much that they've lived here for over 7 years! Zoned C-2 and set on an enormous lot, it can be configured a number of different ways. Th possibilities are limitless. It's currently set up with 10 individual fully furnished efficiency units, a large communal kitchen and laundry, and another room which was converted to storage to support the Airbnb business. Extensive renovations and updates throughout make this a low maintenance addition to your portfolio. There are 4 bedrooms and 2 full baths on the top level, 3 bedrooms and 2 full baths on the 2nd level, and another 3 bedrooms, 2 full baths and 1 half bath on the first floor. On-site video surveillance/security system throughout the entire property, inside and out. Off street parking. The current property manager is an absolute rock star.
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