101 and 105 S 5th Street

Description

Fantastic investment opportunty. 2 buildings 6 units total. 2 Units are 3 bed/2 bath and 4 units are 2 bed/1 bath. All units are leased on month to month making rent adjustments easy for new owner (except 1 which expires 9/2026). 3 beds/2 baths are in brick building. Both rent for $788 per month. Both tenants have been there for several years. 2 bed/1 bath units are in the frame building. 2 units rent for $745 per month, 1 unit rents for $678 and 1 newly renovated unit is just leased for $850 per month, showing the potential for other units. Laundry hookups are in each unit, but no washers or dryers. Shared parking lot. Recent improvements include new roofs on both buildings ($31,000); new exterior stairs on one building and reinforced stairs on 2nd. Most units have updated water heaters and some new AC units. Landlord pays trash bill and bills each unit $25 per month. All appliances owned by landlord are included in sale - kitchen only. See supplemental sheets in MLS for additional information or contact agent for more details. Front facade on brick building will be removed and repaired prior to closing. These two units have tons of potential for ROI. Brick Building Roof 2020 Vinyl Building Roof was done in 2024 Several of the furnaces and AC units have been replaced since 2019. Almost all of the hot water heaters have been replaced since 2019. 101 (Brick Building) had all new exterior stairs 2025 101 (Brick Building) deck was re-planked in 2024 105 (Vinyl Building) step stringers replaced in 2022. Facade on 101 (Brick Building) is being removed and finished. Will be done prior to close. 101 (Brick Building) new Sump Pump 2025. 105 (Vinyl) Unit #2 was just refinished/remodeled. 105 (Vinyl) Unit #3 was refinished/remodeled 6 months ago 105 (Vinyl) Unit #1 was refinished/remodeled in 2023.