Basics
Description
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Description:
Check out this updated cash flowing 7 Plex with $6,000/month of rental income. This building has been significantly renovated over the past several years with five units rehabbed and rented out to Veterans using the metro section 8 voucher program. The C2 zoning allows for a great deal of flexibility with this building for opportunities for short term rentals, retail, office space or continued multifamily housing. 2024 voucher increases are a plus for this building and opportunity to rehab and increase rents for several more units. Located in the up and coming area of Shelby Park, this multifamily is a perfect addition to an existing portfolio or a great way to start to build a portfolio. Property Professionally managed. Current rent roll is $5,000/month with gross potential after renting last unit increases to $5,925/month. Property has electric water heater paid by owner. All units metered out for electric. Rent Roll and financials available upon request.
Location
- Directions: Take St Catherine W off I-65 S. Turn right onto St Catherine. Turn left onto S First. Left onto E Oak St. Right onto S Preston. Property is on the left.
Building Details
- Architectural Style: Select One
- Electric: MultiFamily
- Roof: Shingle
- Construction Materials: Vinyl Siding
Amenities & Features
- Cooling: Central Air
- Exterior Features: None
- Utilities: City Sewer, City Water
- Heating: Electric, Forced Air, Natural Gas, Heat Pump, MiniSplit/Ductless
Miscellaneous
- List Office Name: PML Real Estate Group LLC
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