Income Property
THIS IS AN IVESTMENT PROPERTY WITH A 1979 FRAME HOME OF 1498 SF LIVING AREA UPSTAIRS (2br/2b) ALONG WITH A 1498 SF GARAGE ON THE GROUND LEVEL - RENTS FOR $800/MONTH. ANOTHER 1268 SF HOME (2br/1b) WITH DETACHED GARAGE - RENTS FOR $650/MONTH. BOTH HOUSES SIT ON 1 ACRE AND BOTH HAVE ADDITIONAL OUTBLDGS. A NEWLY CONSTRUCTED METAL BLDG OF 40x100 WITH A 20x50 RESIDENCE AS PART OF THE OVERALL 4,000 SF - RENTS FOR $1500/MONTH. CONCRETE CAN WITHSTAND ANY TRUCK. AS PART OF THE THIS REMAINING 3.1 ACRES ARE 10 RV PADS THAT ARE DEQ APPROVED FOR WATER, ELECTRIC & SEWER. THESE RENT FOR $475/MONTH EACH AND INCLUDES A WASHER & DRYER BLDG, PAVILLION, BBQ GRILL AND (4) STORAGE RENTAL BLDGS THAT EACH RENT FOR $45/MONTH. TOTAL POTENTIAL RENTAL INOCME OF $7,880.00 PER MONTH!! OVER A 20% CAP RATE INVESTMENT. A GREAT OPPORTUNITY. THERE IS NO ZONING AND NO PERMITS REQUIRED TO BE IN BUSINESS.
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AT I-35 AND WATERLOO ROAD, THEN EAST 1.5 MILES, THEN NORTH ON MIDWEST BLVD 0.80 MILES AND THE SUBJECT PROPERTY IS ON THE EAST SIDE OF MW BLVD WITH THREE DRIVE-WAY ENTRIES.
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