Description
This four-plex property located in Sturgis presents significant investment potential. It features four separate apartments, each consisting of two bedrooms and one bathroom, with a total area of 676 square feet per unit. Constructed in 1978, the property has maintained a zero vacancy rate for several years, indicating strong demand for rental units in the area. The washer and dryer facilities are managed through an off-site contracted service, and each apartment is equipped with its own water heater. The upstairs units offer small balconies adjacent to the dining and kitchen areas, adding to their appeal. Additionally, there is a large off-street parking lot available, providing ample space for tenants with multiple vehicles. With some renovations and improvements, there is a substantial opportunity to increase rental income significantly. Owner has purposefully kept rents low to help out his renters.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
This four-plex property located in Sturgis presents significant investment potential. It features four separate apartments, each consisting of two bedrooms and one bathroom, with a total area of 676 square feet per unit. Constructed in 1978, the property has maintained a zero vacancy rate for several years, indicating strong demand for rental units in the area. The washer and dryer facilities are managed through an off-site contracted service, and each apartment is equipped with its own water heater. The upstairs units offer small balconies adjacent to the dining and kitchen areas, adding to their appeal. Additionally, there is a large off-street parking lot available, providing ample space for tenants with multiple vehicles. With some renovations and improvements, there is a substantial opportunity to increase rental income significantly. Owner has purposefully kept rents low to help out his renters.
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