1531 Electric Avenue

DESCRIPTION

Investor needed! This listing is for 2 brick ranch style 4 unit buildings. Private appraisal has already done and available to view in docs, combined appraised value is $361,000. 6 units are rented with long term, good paying tenants that desire to stay. 1521 is on a slab (has 1 recently vacant unit), and 1531 has a basement under the 2 bdrm unit(unoccupied, belonged to previous owner), and crawl under the rest. Units could use some updating, but city rental inspection was done and passed in November. **New windows and water heaters in the units within the last 2 years. **Close proximity to public transportation, and city housing offices. **Sqft, taxes , units, and lot sizes have been combined to include both properties.**Net income is an estimate, there are no records available. Estate sale, Probate has already been started, executor appointed, purchase price has to be approved but has been moving quickly. Call for a showing, 24-48 hours notice requested to accommodate tenants.