Description
This 9-unit apartment building offers a solid investment opportunity in a convenient location near two of Jackson County's largest employers: Ingalls Shipbuilding and the Chevron Refinery, ensuring steady rental demand. With two 3-bed/2-bath units, six 2-bed/1-bath units, and one 1-bed/1-bath unit, this property is well-suited for steady occupancy by providing a range of rental options. Zoned R-4 High-Density Residential, it also offers potential for future growth. Each unit is individually metered for electricity and paid directly by the tenants, while the owner covers the costs of water and dumpster services. Additionally, the property is situated in an X500 flood zone, meaning flood insurance is not required, which helps keep operating costs down. With affordable property prices and a growing workforce in the area, rental properties like this offer consistent income and the potential for long-term value appreciation, making it a sound choice for investors seeking a stable asset.
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19BEDS
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0.42ACRES
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9BATHS
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21/2 BATHS
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6,523SQFT
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$60$/SQFT
School Ratings & Info
Description
This 9-unit apartment building offers a solid investment opportunity in a convenient location near two of Jackson County's largest employers: Ingalls Shipbuilding and the Chevron Refinery, ensuring steady rental demand. With two 3-bed/2-bath units, six 2-bed/1-bath units, and one 1-bed/1-bath unit, this property is well-suited for steady occupancy by providing a range of rental options. Zoned R-4 High-Density Residential, it also offers potential for future growth. Each unit is individually metered for electricity and paid directly by the tenants, while the owner covers the costs of water and dumpster services. Additionally, the property is situated in an X500 flood zone, meaning flood insurance is not required, which helps keep operating costs down. With affordable property prices and a growing workforce in the area, rental properties like this offer consistent income and the potential for long-term value appreciation, making it a sound choice for investors seeking a stable asset.