About This Property

Excellent investment opportunity in the Rolling Hills Neighborhood! This income-producing property features 24 rental units situated on approximately 3.35 acres. Each unit offers an identical floor plan featuring 2 bedrooms, 1.5 bathrooms, and a cozy fireplace. Exterior construction consists of a combination of brick and siding. Parking accommodations vary throughout the property, with some units offering carports and others featuring covered parking in the rear. Interior finishes include a combination of vinyl flooring and tile. All 24 units are currently rented, generating approximately $17,500 in monthly rental income and $210,000 annually in gross rental income. The owner has made updates and completed repairs as needed, and the units are in good overall condition. With established tenants, consistent rental income, and an attractive gross return, this property offers an excellent opportunity for investors looking to expand their portfolio!

Key Features

• 3.35 Acres Lot
• Built in 1977

Property Details

• Type: Single Family Home
• Year Built: 1977
• Lot Size: 3.35 sq ft
• Sq Ft: 1,944
• Price / Sq Ft: $900
• HOA: Contact Agent
• Bedrooms: 2
• Bathrooms: 1
• Feature: 3.35 Acres Lot
• Feature: Built in 1977
• Status: Active
• MLS Number: dd3cabf75320380b3f741c3052ef5f71
• Days on Market: 0
• Listed By: Lawrence Realty · Nancy Lawrence
• Zip Code: 75835