201 S 5th Street
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!Broker Details
Park Hill Realty Group LLC (423) 530-5224
MLS ID: 33982 State License Number: 0225262208, 384142
Key Property Information
| Listing Status: | Pending Sale |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $149,000 |
| No. of Units: | 6 |
| Opportunity Zone: | No |
| Price per unit: | $24,833 |
| Property Website | Click Here |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 0 |
ID: 3yd-TVARMLS-9995231
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