Description
Pleased to present a rare, HIGH-INCOME producing 4-unit property on a massive lot in the heart of Spencer. IDEAL for an investor or owner occupant. Total monthly income is currently $5,100/month with potential for easily $6,000+. Furthermore, each unit can generate a minimum of $2,500/month on its own via AIRBNB. Thats $10,000/month. You can rent out some or all of the units to college students during the school year and Airbnb in the summer - or you can have some or all units in long-term leases. Either way, this will be a money-maker for you. You could even build more units on this massive lot. The options and flexibility are endless. Owner updated all of the heating, plumbing, and electrical systems in 2021. All utilities are separated and paid by tenants. Fully fire-coded + will meet FHA/VA requirements. Convenience to shopping, dining, and highway access, this property has so much to offer. This one certainly won't last! Schedule your showing today!
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7BEDS
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0.77ACRES
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4BATHS
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11/2 BATHS
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3,864SQFT
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$168$/SQFT
School Ratings & Info
Description
Pleased to present a rare, HIGH-INCOME producing 4-unit property on a massive lot in the heart of Spencer. IDEAL for an investor or owner occupant. Total monthly income is currently $5,100/month with potential for easily $6,000+. Furthermore, each unit can generate a minimum of $2,500/month on its own via AIRBNB. Thats $10,000/month. You can rent out some or all of the units to college students during the school year and Airbnb in the summer - or you can have some or all units in long-term leases. Either way, this will be a money-maker for you. You could even build more units on this massive lot. The options and flexibility are endless. Owner updated all of the heating, plumbing, and electrical systems in 2021. All utilities are separated and paid by tenants. Fully fire-coded + will meet FHA/VA requirements. Convenience to shopping, dining, and highway access, this property has so much to offer. This one certainly won't last! Schedule your showing today!
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-06-27T22:09:06.137.