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| Bedrooms: | 0 | Full Bathrooms: | 0 | Half Bathrooms: | 0 |
| Type: | Multi Family | Sub Type: | Multi Family | MLS Number: | 9995231 |
| Living Area: | 0 | Lot Acreage: | 0 | Year Built: | 9999 |
| Elementary School: | Union | Middle School: | Union | High School: | Union |
Property Description
Exceptional multi-unit investment opportunity in a prime location! Welcome to 201 and 203 E 5th Street a cash-flowing property packed with potential and positioned just steps from the popular Greenbelt walking track, shopping, dining, and local amenities.
This unique income-producing property currently generates approximately $2,000 per month and features:
* Commercial storefront space with a long-term tenant in place
* Three 1-bedroom apartments
* One 2-bedroom apartment
* Additional large storage area with the potential to be converted into another income-producing unit
One of the 1-bedroom apartments previously experienced fire damage that was isolated to that unit only and will require a full rehab, creating the perfect value-add opportunity for investors looking to increase rents and overall property value.
With multiple income streams, expansion possibilities, and a highly convenient in-town location, this property is ideal for investors seeking strong upside potential. Whether you're looking to expand your rental portfolio, create additional units, or maximize commercial and residential income together, opportunities like this don't come around often. Endless possibilities await at 201 and 203 E 5th Street!
Listing Status
Active
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More Listing Info
AC:Window Unit(s) true Contract Info:Foreclosure No Easements:None12 true Exterior Finish:Vinyl Siding true General Property Description:# Buildings 1 General Property Description:# of Units 6.0 General Property Description:Acres 0.2 General Property Description:Elementary School3 Union General Property Description:High School3 Union General Property Description:HOA YN No General Property Description:Lot Dimensions 0.2 General Property Description:Middle School2 Union General Property Description:Total Units 6 General Property Description:Zoning2 GB Heating:Electric true Levels:One true Location Tax Legal Info:City Taxes 501.16 Location Tax Legal Info:County Taxes 785.91 Remarks Misc:Directions3 From Gilley Ave and E 5th intersection. Turn right onto E 5th ST S. Property on left across from Freedom Chevrolet Remarks Misc:Public Remarks7 Exceptional multi-unit investment opportunity in a prime location! Welcome to 201 and 203 E 5th Street a cash-flowing property packed with potential and positioned just steps from the popular Greenbelt walking track, shopping, dining, and local amenities. This unique income-producing property currently generates approximately $2,000 per month and features: * Commercial storefront space with a long-term tenant in place * Three 1-bedroom apartments * One 2-bedroom apartment * Additional large storage area with the potential to be converted into another income-producing unit One of the 1-bedroom apartments previously experienced fire damage that was isolated to that unit only and will require a full rehab, creating the perfect value-add opportunity for investors looking to increase rents and overall property value. With multiple income streams, expansion possibilities, and a highly convenient in-town location, this property is ideal for investors seeking strong upside potential. Whether you're looking to expand your rental portfolio, create additional units, or maximize commercial and residential income together, opportunities like this don't come around often. Endless possibilities await at 201 and 203 E 5th Street! Structure Type:Quadruplex true Style:Other53 true TopographyLot Description:Level2 true Unit 1:# Bedrooms3 1 Unit 2:# Bedrooms4 1 Unit 3:# Bedrooms5 1 Unit 4:# Bedrooms6 2 Water:Public true Videos: (none) Virtual Tours: (none)
Listing Courtesy:
Park Hill Realty Group, LLC
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