Be the first to scoop up this apartment complex with incredible potential right downtown! This unique apartment complex, formerly a motel, offers a fantastic investment opportunity with immense potential for upgrades and renovations. Situated in a prime location, you’ll have easy access to parks and local attractions. There is a Manager’s Quarters on-site: Ideal for on-site management or additional rental income. These spacious units and roomy layouts can be transformed into modern living spaces. With some repairs and renovations, you can enhance the property’s value and appeal. This property is somewhat of a blank canvas, ready for your vision. Whether you want to renovate and increase rental income or convert the space for a different purpose, the possibilities are endless. The unfinished basement in both buildings offers even more potential for rentable space. More pictures coming soon. Cap rate is 4%.
Property Features
Utilities
Cable Available
Electricity Available
Electricity Connected
Heating Information
Baseboard
Electric
Basement
Unfinished
Concrete
Cooling Information
Wall Unit(s)
Water Features
Public
House Interior
High Speed Internet
Listing Courtesy: CENTURY 21 Summit Realty - 406-293-5107