108 S Jefferson Street

Description

Invest Smart. Live Well. Own a Turn-Key Income Producer. This well-maintained 3-unit apartment building offers an exceptional investment opportunity with built-in income and future upside. The property includes two upper 1-bedroom, 1-bath apartments that were fully remodeled in the summer of 2020. Updates included new flooring, fresh paint, completely renovated kitchens, new ranges and refrigerators, under-cabinet microwaves, updated bathrooms, new electric breaker boxes, a new meter base, and upgraded electric service. The lower unit features 2 bedrooms and 1.5 baths and underwent a complete renovation in November 2021. Major exterior improvements add long-term value and peace of mind, including new siding, lower windows, and doors installed in January 2021, followed by a metal roof and new gutters in February 2021. A shared laundry room provides individual hook-ups for all three units, adding convenience for tenants. Operating expenses include water, insurance, and taxes, contributing to an impressive 8% ROI. All three apartment units are fully occupied, and an additional main-level space with a half bath offers the potential to lease as a small office for added income. This is a rare opportunity to own a solid, cash-flowing property with flexibility for future growth--schedule your private showing today and be sure to view the floor plans to see the full potential.