MLS® #: 387304

ResidentialIncome

Welcome to the prime location investment property! Situated just 0.5 mile from downtown Main Street and a mere 2 miles from MSU's campus, this property offers the perfect blend of convenience and desirability. With the Cannery & Brewery District just a few blocks away, you can rest assured that the units are in high demand and rarely vacant. Whether you prefer upgraded units or those awaiting a vacancy, this rare investment opportunity has something for everyone. Originally built in 1935, the home was transformed into a duplex (Units 534&536) in the 1970s, with a 5 unit addition (Units 532A-E) to accommodate the growing demand. One of the unique features of this property is the off-street parking available for all units, ensuring convenience for residents. Additionally, the common laundry and alley access further enhance the appeal of this investment gem. Generating a solid gross rent of $110k, this property has great potential for even more growth, whether through further upgrades or simply maximizing its existing features. The new roof installed in 2010 and the updated windows and siding from 2004/2006 provide peace of mind for years to come. To add to the allure, three units have recently undergone extensive renovations, boasting new vinyl plank flooring, fresh carpet, paint, and stylish trim. Don't miss out on this incredible opportunity to invest in a property that combines location, potential, and uniqueness. Schedule a visit today and discover the possibilities awaiting you!