The Details

Investment opportunity in a convenient location! This 4-unit apartment building at 636 Axemann Rd features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units. The property has a strong rental history with mostly long-term tenants, including one resident who has called the building home for over 30 years. There is significant upside potential for an investor willing to make improvements, as the property is currently under-rented for the area and offers the opportunity to increase income and build equity over time. To help protect the current tenants, the landlord has offered them the option to extend their leases for up to 2 years at their current rental rates. The property is being sold as-is and does require some work, which is reflected in the pricing. Additional features include separate electric for each unit, natural gas heat, ample off-street parking, and a convenient location with quick access to I-99. Property is fully occupied. Showings require 24-hour notice.