$590,000

RARE INVESTOR SPECIAL!! Are you looking to expand your portfolio with this turn-key secure investment? Here it is, with 100% occupancy! This Multi-Family property is a top performer, at an actual 8.19% CAP RATE, with room to grow income via additional rent stabilization/raising and updating further units. The stabilized CAP RATE of this property is projected to be 10.86%.This property is made up of 3 buildings with 11 total units and has room to grow! Some features about these 11 units include:- 3.84 +- Acres- 11 Total Units (Units #8 & #11 have been completely renovated with brand new bathrooms, updated kitchens and all new surfaces; other units have received regular updates/maintenance)- 3 Buildings (brick, stone, or vinyl siding)- 8,120 +- Rentable Sq Ft between all units- Very close to Highway I-44 (Only 15 minutes to Springfield!)- Window unit air in all units- Baseboard heating in all units- Individually metered for utilities (tenant pays part)- Community washer & dryer ''laundry house'' is on-site (coin operated and revenue generating)- A new Well was recently installed, which services all units for water- And more!This would be perfect for someone looking to efficiently upgrade the quantity of their portfolio.. 11 units, all in one swoop! Don't miss out on this cozy multi-family property tucked away nicely in Marshfield! **Annual Pro-Forma Rental Income is $82,500; see documents section of the MLS Listing for all financial info**

Amenities

• Bedrooms: 0
• Full Bathrooms: 0
• Partial Bathrooms: 0
• Property Type: Residential Multi Family
• Architectural Style: Other
• Year Built: 1960
• Built in 1960
• Home size: 0 ft² / 0.00 m²
• MLS: 60279554
• Status: Active

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