$120,000
2137 Cedar Ln Lane
Details
APN 00658014A
Property Type Multifamily, Land
Sub Type Apartment Building
Square Footage 1,880
NOI $16,400
Year Built 2008
Buildings 3
Multifamily
Marketing description
INCOME PRODUCING PROPERTIES IN MAPLEWOOD Tucked away on a quiet dead-end street, 2137 and 2139 Cedar Lane offer immediate cash flow with two occupied manufactured homes and a versatile workshop, all situated on approximately 0.43 acres with public water and sewer. The 18x64, 2 bedroom, 2 bath home is currently leased for $850/month, while the 14x52, 2 bedroom, 1 bath home produces $900/month and includes access to the workshop. Tenants have expressed interest in remaining, creating a seamless transition for the next owner. With existing income in place and room for future improvements, this property offers flexibility for investors or owner-occupants seeking to generate income while holding for long-term potential. Conveniently located near Sulphur with access toward surrounding areas, this is an opportunity to step into an income-producing property from day one. Buyer to verify flood zone, seller does not have flood insurance. Measurements are more/less.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$16,400.00
$1,366.67/mo
Valuation Metrics
0
DSCR
13.67%
Cap Rate
13.67%
ROI
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