Excellent opportunity to acquire a cash-flowing multifamily property in a central city location. The sale includes a four-unit residential building at 220 N. 6th St with a rear parking lot, creating an additional income stream with future expansion potential.
The residential building features a desirable unit mix with strong in-place rents:
Unit #1: 2 Bedrooms – $900/month
Unit #2: 3 Bedrooms – $1,500/month
Unit #3: 2 Bedrooms – $1,100/month
Unit #4: Studio – Projected $850/month
Landlord currently pays gas heat, water, sewer, and trash. The rear parking lot provides steady income with rented spaces at $60 per space per month ($900/month), with potential to create additional parking spaces.
Ideal for investors seeking a stabilized asset with diversified income streams, immediate parking revenue, and long-term growth through leasing and expansion. Conveniently located near downtown amenities, public transportation, shopping, dining, and nearby daycare facilities, adding to tenant appeal and long-term rental demand.
Schedule your private showing today.