198 BROAD STREET

INCOME-PRODUCING, 16 unit, multi-family property on over 2 acres with split zoning (C1 and R1A) . C1 zoning directly on US 41 (Broad Street) where the 4 efficiency apartments are located (approximately 75 feet of C1 on US 41 and C1 on the south of the of the property. Property is made up of 6 lots (each is 60 x 260). Property has a total of 360 feet of road frontage on US 41. Daily Traffic Count = 15,300 (and growing!!). Property is made up of 4 apartments, 6 single family homes, and 6 mobile homes. The value is in the land, its location, and its zoning. The income producing units are the plus. Call to schedule a showing. P&L report from Jan-October 2021...from seller shows $40,000+ net income prior to property taxes. 4 units not rented during this time, so potential is there: office manager's house (manages property in exchange for free rent), another house to maintenance man who was not doing his job and was evicted so house can be rented), two of the mobiles (need some work before they can be rented). Owner will finance with $200,000 down, 6% interest, amortized at 15 years, with a 4 year balloon.