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Own the city block & get immediate cashflow: this renovated 6-unit property occupies nearly an entire city block in God's Country and is offered at $680,000. The Gross Income of $88,500, Operating Expenses of $15,290 (including taxes), and Net Operating Income of $73,210, securing above a 10% cap, this asset delivers a strong return from day one. Ownership has invested heavily in improvements, ensuring a low-maintenance, turnkey operation. Renovations include $40,000 in unit rehabs across all six apartments and common areas, featuring one complete gut remodel plus cosmetic upgrades in five units: new flooring, fresh paint and spackle, ceiling replacements, bath and kitchen repairs, and updated electrical with GFCI outlets. Additional capital projects include $12,000 in new siding, $5,050 in energy-efficient vinyl windows, and $7,200 in targeted apartment upgrades such as full interior painting, cabinet refinishing, new tub and shower surround, ceiling tile replacements, transition trim, plumbing line capping, and final deep cleaning. Together, these investments enhance curb appeal, durability, and tenant satisfaction. With solid brick construction, a commanding corner-block presence, and efficient operations, this property offers both stability and upside potential. A rare opportunity to acquire a well-positioned multifamily delivering immediate income, strong returns, and appreciation potential in a growing market. Projections @ Full & self-managed.
| DAYS ON MARKET | 2 | LAST UPDATED | 9/5/2025 |
|---|---|---|---|
| TRACT | Not in Development | YEAR BUILT | 1920 |
| COMMUNITY | Summit Hill | COUNTY | Carbon |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Wall Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Summit Hill |
| CONSTRUCTION | Vinyl Siding |
| HEAT | Baseboard, Electric |
| LOT | 3746 sq ft |
| LOT DIMENSIONS | 30X125 |
| PARKING | On Street |
| SEWER | Septic Tank |
| STORIES | 2 |
| SUBDIVISION | Not in Development |
| TAXES | 5410 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with EXP Realty LLC
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This IDX solution is (c) Diverse Solutions 2025.
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