Listing

Property Description:

Turnkey 8-Unit Apartment Complex 100% Occupied - Excellent investment opportunity featuring eight rental units across three solid concrete block buildings, offering durability and low maintenance. The property is 100% occupied with one-year leases in place and generates $6,025 in total monthly rental income, providing immediate and stable cash flow. The unit mix includes seven 1-bedroom/1-bath apartments and one 2-bedroom/1-bath apartment. Each apartment is equipped with a range and refrigerator, and tenants enjoy efficient climate control with two-year-old mini-split A/C systems installed in each room. Significant improvements have already been completed, including a new roof, new floor tile, fresh interior paint throughout, and a new water heater. Nearly all windows have been replaced, enhancing both energy efficiency and appearance. Ideally located near Doctors Memorial Hospital and the local shopping district, this property benefits from strong rental demand and convenient access to employment, healthcare, and retail. With major upgrades completed, full occupancy, and steady income, this property presents a strong, low-maintenance investment opportunity for both new and experienced investors. Available for sale individually or may be purchased with a nearby duplex property ($2200 monthly income) and a single-family home ($1100 monthly income) for $700,000. Tenant occupied. Property may be inspected after commencement of due diligence period. No sign or lockbox. Please do not disturb tenants.