Attention investors and cash buyers. Turn-key multi-family residential apartment building with 6-bay garage. Nostalgic Doll Apartments is a unique 2-story brick building with basement, located close to downtown Anderson. Nearby neighbors include senior living facilities, St. Mary’s church, and the main Anderson public library. Each unit has hardwood floors, archways, and lots of nostalgic charm and character. Includes (4) 900 sq. ft. units, all currently 1-bed, 1-bath. These units could be turned into 2 bedroom units easily. The current gross income is $25,500/year or $2,125/month. Currently rented below market value, there is room for rent increases. Landlord currently paying all utilities but each unit is metered separately so tenants could pay their own electric. A new energy-efficient roof system was installed 6/5/19 and comes with a 15-year transferable warranty to new owner. This property is Zoned B-2, so it can be residential or business, currently being used as residential, and taxed at commercial cap 2%. The 6-bay garage is not currently utilized and needs some TLC but could be used for off-street parking, storage, or a business. The basement includes several large storage rooms, as well as smaller storage closets for tenants. It has multiple washer/dryer hookups so you could add laundry facilities. The basement also houses a gas boiler heating system, a gas water heater, and an unused superintendent’s quarters that could be turned into an additional efficiency apartment after a rehab. All units are currently rented and occupied so please do not contact or disturb the tenants. For more info, please contact the owner below. Buyer’s agents welcome to a 3% commission.
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.
