2012 VAWTER Avenue
Turnkey, updated, and fully rented 7-unit investment opportunity!! Five of the units are spacious townhouse-style 2-bedroom layouts featuring 1.5 bathrooms and generous living space. All units offer great natural light and functional flow. These bi-level townhome-style units rent easily, have smooth turnover, and include central air and designated parking. The property features 5 covered parking spaces plus 2 additional off-street spots. There is also a basement common area with designated spaces for laundry units along with tenant storage. Potential for increased rental income with HACC vouchers offering 2-bedroom units up to $1,122 and 1-bedroom units up to $934, creating a total potential cash flow of $7,854/month. Tenants pay their own gas, electric, and water, helping maximize returns. This conscientious owner has invested approximately $100,000 in improvements, including a new roof, multiple HVAC systems, and extensive unit renovations. A full list of upgrades is available in additional documents. Fully rented and meticulously maintained, this is a rare opportunity to step into immediate cash flow from day one!
- First Wok 0.3 mi
- McDonald's 0.3 mi
- Burger King 0.4 mi
- Sunny China Buffet 0.4 mi
- Monical's Pizza 0.7 mi
- Casa del Mar 0.8 mi
- Phillips 66 0.2 mi
- Urbana Mini Mart 0.4 mi
- Meijer 0.5 mi
- Meijer Express 0.6 mi
- Quick Shop 0.9 mi
- Food Center 1.3 mi
- Crestview Park 0.3 mi
- Larson Park 0.4 mi
- Lohmann Park 0.5 mi
- Sunnycrest Park 0.6 mi
- PrairiePlay 0.8 mi
- Blair Park 0.9 mi
- Good Judy's Espresso & Bagel Bar 0.7 mi
- Lazy Daisy Diner & Cafe 1.5 mi
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MLS data provided through MLS GRID · MRED MLS · MLS# MRD12605088