This rare 4 townhome rental property offers four residential units in a high demand rental market. With low maintenance requirements, high income, and upside for rent increases, this property is ideal for an investor seeking great cash flow.
Property Features
Bedrooms
Bathrooms
- Full Bathrooms: 4
- 1/2 Bathrooms: 4
Heating and Cooling
- Heating Features: Forced Air
Land Info
- Lot Size Acres: 0.413
- Lot Size Square Feet: 17990
Garage and Parking
- Parking Features: Driveway
Rental Info
Homeowners Association
- Association Fee Frequency: Annual
- Pets Allowed: Call
Multi-Unit Info
- Number of 2 Bedroom Units: 2
- Number of 3 Bedroom Units: 2
Other Property Info
- Annual Tax Amount: 5781
- Source Listing Status: Active Under Contract
- County: Lake
- Cap Rate: 8.98
- Directions: Take I-65 Exit Ramp going west for US Highway 30. Continue Straight for 3 miles. Turn right on Whitcomb street. After a mile, turn left into the property.
- Tax Year: 2024
- Source Property Type: Residential Income
- Property Subtype: condo
- Source Neighborhood: Crescent Lake 03
- Owner Pays: Common Area Maintenance, Water, Trash Collection, Taxes, Snow Removal, Sewer, Security, Roof Maintenance, Repairs, Pest Control, Insurance, HVAC Maintenance, Grounds Care, Exterior Maintenance
- Parcel Number: 451218327039000030
- Subdivision: Crescent Lake 03
- Township: Ross
- Property Subtype: Apartment
- Source System Name: C2C
Commercial Info
- Net Operating Income: 60967
Building and Construction
- Year Built: 1986
- Above Grade Finished Area: 5072
- Levels: Bi-Level
- Property Age: 39
Utilities
- Sewer: Public Sewer
- Water Source: Public