Sand Lake Apartments

Highlights:

• Annual Tax: $ 2812.0
• Gross Income: $ 70900.0
• Age: Over 50 Years Old
• Cooling: No A/C
• Exterior Description: Wood Frame
• Garage Description: Carport
• Lot Size: Under 1/2 Acre
• Road Type: City / Town Street
• Roof: Rubber
• Sewer: Public
• Water: City Water

Description:

Here is a great rental property investment opportunity in downtown Salida! The Historic, brick, 6 plex on Fourth Street houses (4) studio apartments and (2) 2 bedroom apartments, all with 1 bath. The detached Bungalow on the alley has 3 bedrooms with a bonus room, 1 bath, and an attached carport. Shared yard with a storage building in between the buildings. All units include range and refrigerator. The units vary in floor plan and degree of recent updates. South facing windows provide good natural lighting. Sellers pay gas, trash, and water, tenants pay electric. Nice, peaceful, residential neighborhood location only a block from Alpine Park and 3 blocks from Historic Downtown Salida. Rents have been reasonably maintained to accommodate many long term tenants. Income, Cap Rate, and status of occupied units may change by time of a purchase contract. These properties don't become available often in Salida. Make it yours today!