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$ 450,000
Est. payment | /mo
0.91 Acres Lot
$ 450,000
Est. payment | /mo
0.91 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Eightplex
Listing Status Under Contract
Purchase Type For Sale
Subdivision Wv
MLS Listing ID 180431
Lot Size 0.910 Acres
Property Sub-Type Eightplex
Property Description
Perfect for investors seeking effortless passive income, this high-yielding, low-maintenance property offers an attractive addition to your portfolio. A fully occupied 8 unit apartment building, generating a steady income of $6,168 per month with approximately $1,400 in expenses. This brick construction building consists of four 3 bedroom, 1 bath units and four 2 bedroom, 1 bath units. The well maintained property has 100% occupancy with the majority of the rent paid by HUD, ensuring reliable cash flow. Dedicated local property management and a bookkeeper handling HUD compliance are already in place, and both are available to stay on board if so desired. Additionally, the property features a permitted sewer treatment facility that is professionally maintained for hassle-free operations.
Location
State WV
Area 16 - Lincoln Co.
Schools
Elementary Schools Lincoln
Others
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Brody Nash
REALTOR® Lic# LIC# WV 29516 - OH 2015003349