Home Details for 801 East Drive

Incredible opportunity to purchase an occupied and stabilized, 13 unit (13th unit renovation needs to be completed) multi-family property in the heart of Lincoln Terrace Just minutes from the Medical District and State Capitol. 12 units have been tastefully remodeled/updated (approx 250k spent over the last 7 years) and are ready for turn-key operation. There are so many updates it’s hard to list them all: Updated plumbing in 98% of the building, Most electrical panels updated, New Windows in 80% of building, New insulation in attic, New fencing around property, All AC’s except for 2 have been updated, front porches updated with new concrete and fence, New hot water tanks and Remodeled laundry room. The laundry room is an additional income stream to the property. The complex consists of ten 1 bed/1 bath units and two 2 bed/1 bath units. This complex has been nicely modernized while leaving many original features that accentuate its historic charm. Don't miss your chance to add this turn key, income producing property to your portfolio! FINANCIALS AND RENT ROLL AVAILABLE in the supplements. This is a wonderful opportunity, move quickly!