300-306 Scott Street NE

Seller Agent owned. Excellent investment opportunity especially for someone with the ability to make improvements on the go. 6 Plex plus Duplex and additional vacant land included. The 6 Plex has 4 apartments (2 recently updated) approved by the health department for occupancy. 3 are rented at $500/mnth. The other 3 are now vacant and 2 need renovated and approval prior to renting. The duplex is empty and ready for renovation. It will need a roof and extensive renovation. There is a 1 bedroom lower and 2 bedroom upper in this building. The 6 plex is all 1 bedroom. Fully rented potential income would be $59,000 to $64,000 Annual. Tenants pay electric and gas. Water bill is about $500 to $550 monthly when fully. Owner has assessed a $50 water fee per unit to offset this expense. Additional land included could potentially be used for Storage Units. Current income is for 4 units. 4 vacant ready for renovation.