100 Second Street
Property Description
INVESTMENT OPPORTUNITY IN SHELBY! This unique property offers four rental units on one parcel, including a duplex and two mobile homes. The duplex features a 1BR/1BA main-level unit with an additional basement bath, laundry, and detached 1-car garage, renting for $750/month. The upper unit offers 1BR plus an additional room currently used as a 2nd bedroom, 1BA, and rents for $775/month. The first manufactured home features 2BR/1BA, laundry, and a 2-car garage, renting for $900/month. The second offers 3BR/1BA, dedicated laundry/mudroom and a newer furnace, renting for $875/month. Current gross rents total $3,300/month ($39,600 annually). Three separate electric meters provide potential for utility separation. Current owner pays water, septic, and electric, averaging approximately $500/month. Great opportunity to add a multi-unit income property to your portfolio! Photos have been edited/enhanced to protect tenants privacy.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $275,000 |
| No. of Units: | 4 |
| Year Built: | 1875 |
| Opportunity Zone: | No |
| Price per unit: | $68,750 |
| Property Website | Click Here |
| Number of Bedrooms: | 7 |
| Number of Bathrooms: | 5 |
ID: 3yd-MBOROH-20101060
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