MLS Number 4778492
- Multifamily Multi-Family
- Units 9
- Bathroom 9
- Acreage 5.25
- Square Feet 5,886
Here is a rare investment opportunity sited on a 5.25 acre parcel with high elevations looking over Milton's Three ponds. Property contains 9 units, 5,886 sf of finished space, located in 3 separate buildings, comprised of 4 one bedroom units, 1 studio, 3 two bedroom units, 1 commercial unit and 5 garages (4 under, 1 stand alone, 1 double bay). All units have separated utilities. Multiple windows & sliders give all units water views, making each unit very desirable and rentable. 7 units have sliders or french doors onto decks overlooking the water. Seller has meticulously maintained and extensively upgraded property - dealing with improving septic systems (1 new, 1 replaced in kind), upgraded paving, roofs, windows, decking, walkways, landscaping, electrical, painting, heating/air conditioning, utilities, kitchen cabinets, bathrooms, appliances. Ideal for someone who would like to live in a unit, or operate business on site, or for the non resident investor who can have peace of mind that so much has been upgraded, making this is a TOTAL TURNKEY operation! The demand for housing moving north, results in a continuing increase in rents and higher quality tenants, yielding strong cash flows and a solid investment for years to come. Also, potential for future development on this 5.25 acre parcel with 517' of frontage, public water and commercial zoning. Square footages are estimates only and should be verified by Buyer.
Listed by Ross Hobin of Coldwell Banker Hobin Realty LLC
|Price||Down Payment||Interest Rate||Years|
Est. Mortgage: $/month
Federal 30-year interest rate: 3.65% last updated on 2020-01-16
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.