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Investment Property with Multi-Unit Potential Seize this rare opportunity to own a 3.9-acre property with two parcels. The first is a 1.8-acre vacant lot with easement access for a neighboring lot. The second parcel spans 2.1 acres and features three buildings with eight efficiency apartments. Each 550 sq. ft. unit includes 2 bedrooms, 1 bathroom, kitchen/dining combo, living room , and baseboard heating. Recent updates include LVP flooring in kitchens/living rooms, carpet in bedrooms, and full upgrades to Building 1, including new windows and a roof. The property is equipped with three septic systems, one shared well with a pump house, and concrete foundations. All units are leased until August 1, 2025. Additional $20/month paid by each tenant for trash service. An on-site mobile home is on land lease -home is owned by the maintenance man, who will come with the property and ensures smooth operations. Whether you're expanding your portfolio or seeking a high-potential rental investment, this property delivers immediate income and future possibilities. Pictures show interior of unit 2.
| DAYS ON MARKET | 1 | LAST UPDATED | 1/30/2025 |
|---|---|---|---|
| YEAR BUILT | 1961 | COMMUNITY | Milford (30805) |
| COUNTY | KENT | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | MILFORD |
|---|
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Electric Water Heater |
| AREA | Milford (30805) |
| CONSTRUCTION | Concrete, Frame, Vinyl Siding |
| HEAT | Baseboard, Electric |
| LOT | 2.1 acre(s) |
| LOT DESCRIPTION | Few Trees, Private |
| LOT DIMENSIONS | 2.10 x 0.00 |
| PARKING | On Street |
| TAXES | 2241 |
| WATER | Shared Well |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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