Listed by eXp Realty
$1,050,000
7049 Montgomery Road
Details
APN 602-0001-0340-00
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Year Built 1900
Multifamily
Marketing description
Turn-key standalone commercial building with 7 apartments and 2 retail storefronts located in the growing business district of Silverton, 1.5 miles from Kenwood Mall and I-71. Strong investment opportunity with long-term solid rental income. All units are fully leased with value-add potential for rent increases. 3- 1 bed, 3- 2 bed, 1- 3bed apartments, and 2 retail storefronts, and a full basement with coin laundry. Each unit is separately metered for gas and electricity. The roof was just hot tar sealed, all windows caulked and sealed, and new flooring in common areas. 13 parking spaces with off-street parking as well. The public bus stop is across the street with a crosswalk to the building. Property is currently rented at $111,000 yr.
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Listed by eXp Realty
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