Description

Exceptional Waterfront Multi-Family Investment Opportunity. This fully renovated income-producing property consists of two separate buildings containing a total of four units, each offering 2 bedrooms and 1 bathroom, for a combined 8 bedrooms, 4 bathrooms, and 2,376 square feet of living area. Built in 1970 and currently fully occupied, the property provides immediate cash flow and strong investment potential. Recent 2025 and 2026 improvements include new asphalt shingle roofs, new windows, and new central heat and air systems throughout all units. The kitchens have been completely updated with new cabinetry, countertops, and brand-new stainless steel refrigerators, ranges, and microwaves. Additional updates include fresh interior paint and trim throughout. Water heating is provided by a combination of two tankless electric water heaters and two traditional electric water heaters. Market rents in the area average approximately $1,400 a month for each unit, demonstrating strong income potential. Owner currently pays water and trash, which should be factored into an investor's expense analysis. This turnkey investment offers immediate income with minimal deferred maintenance and presents an excellent opportunity to add a fully renovated asset to an investment portfolio.