679 S 200 E
Property Description
Exceptional investment opportunity with a proven income producing history! Situated on approximately 2 acres, this well maintained multifamily property offers an impressive 39 residential units, multiple additional income streams and extensive capital improvements already completed. The community features 7 buildings with 4 units in each building and an additional 2 buildings with 5 units in each. This project consists of 36- 2 bedroom, 1 bath units, 1- 3 bedroom unit, and 1-1 bedroom unit. Also included is a spacious 2,280 sq. ft. manufactured home with 4 bedrooms. Beyond the residential units, the property includes 20 separately rented storage sheds, a dedicated laundry facility, and on-site management office, creating additional revenue opportunities. Residents enjoy generous green space, ample parking, a playground, and a gazebo, enhancing the overall appeal of the community. Currently operating with HUD assistance, 29 units are income restricted while 10 units are market rate, providing a balanced investment portfolio. Owners have invested significantly in the property's long term value. Nearly every unit has been updated, many with newer appliances. Additional improvements include newer windows and exterior doors throughout, roofs replaced within the past 10 years. Please call agent for additional information.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $7,200,000 |
| No. of Units: | 38 |
| Year Built: | 1944 |
| Lot Size: | 48,384.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $189,474 |
| Property Website | Click Here |
| Number of Bedrooms: | 76 |
| Number of Bathrooms: | 38 |
ID: 3yd-WFRMLSUT-2178515
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