402 Prairie Street
Property Description
VALUE-ADD MULTIFAMILY INVESTMENT OPPORTUNITY 6-Unit Apartment Complex | 5 - 1 Bedroom & 1 - 2 Bedroom Units/ 1 Bathroom Per Unit | Prime Downtown Proximity Investors, take a closer look at this well-positioned 6-unit multifamily property located just one block from downtown in a quiet and established community. The property offers an attractive unit mix of six 1-bedroom, 1-bathroom apartments, creating a simple and manageable asset for both new and experienced multifamily investors. Apartment 1 has been newly renovated, providing an immediate example of the property's improvement potential. The remaining units may offer additional opportunities for an investor to implement strategic updates, improve the overall property, and potentially increase rental income over time, subject to market conditions and applicable expenses. The property's proximity to downtown provides convenient access to local businesses, services, and community amenities while maintaining a quieter residential setting. Additionally, there is a Charming Single-Family Home Near Downtown. Cozy 1-bedroom, 1-bathroom single-family home offering approximately 760 square feet of living space. Built in 1940, this one-story frame home offers classic character with a convenient location close to downtown. Great potential for an owner-occupant or investment property Both properties are being "SOLD" together.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $285,000 |
| No. of Units: | 6 |
| Year Built: | 1940 |
| Lot Size: | 3,120.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $47,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 3 |
| Number of Bathrooms: | 2 |
ID: 3yd-DMAARIA-750201
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