Unique investment opportunity in the heart of Johnsonville featuring five fully occupied rental units generating approximately $4,525 per month in gross rental income. This property consists of a mix of one-bedroom, two-bedroom, and studio-style units, including a former jail area converted into a one-of-a-kind studio apartment. Current unit mix includes three 1-bedroom/1-bath units, one 2-bedroom/1-bath upstairs unit with washer hookup, and one studio-style unit. All units are occupied on month-to-month leases, offering flexibility for future rent adjustments. Property currently produces approximately $54,300 in annual gross income with an estimated NOI of approximately $36,843 annually. Strong rental history, immediate cash flow, and upside potential make this an excellent opportunity for investors looking to add to their portfolio. Conveniently located near local shops, restaurants, and major routes through Johnsonville.
Listing courtesy of Listing Agent: Maggie Cooper () from Listing Office: LPT Realty, LLC..