ARMES REAL ESTATE & LAND COMPANY INC.
Listed by ARMES REAL ESTATE & LAND COMPANY INC.
$445,000
N. Kanawha Street
Details
APN 41010003005300000000
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 6,628
Units 5
Zoning Mixed Residential/Commercial
Multifamily | 5 Units
Marketing description
Centrally located and rich with character, this well-maintained mixed-use property presents a compelling opportunity for both seasoned investors and owner-operators seeking diversified income streams. The asset features a combination of residential apartment units and a commercial space, all-inclusive of utilities, creating a streamlined management profile and strong tenant appeal. Currently, three residential units are leased, providing immediate cash flow, while 1 unit and the commercial space are actively marketed for lease, offering upside potential. Existing leases include: One two-bedroom unit leased at $1,050/month One two-bedroom unit leased at $1,250/month One three-bedroom unit leased at $1,500/month Vacant and available units include: Four-bedroom unit offered at $1,750/month Commercial space offered at $1,500/month All leases are all-utilities-included, a traditional yet highly attractive structure that continues to drive demand and simplify operations. The property benefits from ample parking, a large, shared deck, and expansive outdoor common areas at the rear features that enhance tenant experience and long-term retention. Its central location ensures convenient access to surrounding amenities, employment centers, and traffic corridors, reinforcing its position as a durable, income-producing asset. All quoted rents include utilities and parking, positioning the asset with strong marketability and immediate upside.(div)(br)(div)(span style=font-size: 10pt;)Property Unit & Rent Roll Summary (Current Listing Period)(/span)(/div)The property offers a well-balanced unit mix consisting of two (2) two-bedroom/one-bath apartments, one (1) three-bedroom/one-bath apartment, one (1) four-bedroom/two-bath apartment, and a commercial space of approximately 1,300 square feet featuring two large rooms, one with a kitchen area, and two (2) bathrooms. All units include utilities and parking, and the property benefits from common grounds with a shared backyard and decking, enhancing tenant appeal.(/div)
Listing Contacts
ARMES REAL ESTATE & LAND COMPANY INC.
Listed by ARMES REAL ESTATE & LAND COMPANY INC.
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