City of Columbia, Denny terrace, Lake Elizabeth Homes with Other Garage type

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Newest City of Columbia, Denny terrace, Lake Elizabeth Homes with Other Garage type

$799,000

Investment and development package: an existing three-unit multifamily building at 927 Prescott Road offered together with the adjacent parcel at 921 Prescott Road, planned for four additional units — a potential seven-unit portfolio on neighboring parcels. 927 Prescott is a modern, purpose-built triplex of approximately 3,767 heated square feet. Each unit offers a three-bedroom layout with an owner’s suite, full kitchen, great room, dining area and laundry/mud room. Two units are leased at $1,750 per month; the third is available at $1,650. Tenants pay all utilities and maintain the grounds. 921 Prescott is a development parcel with schematic plans for four units of approximately 1,691 heated square feet each — three bedrooms, two baths, owner’s suite, great room, dining, laundry and private entry with front porch. Development is subject to approvals, permitting, zoning and utilities. Buyer to verify all information. Both parcels sold together. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.

921 Prescott Rd, Columbia

Listing courtesy of NorthGroup Real Estate LLC.

$325,000

Excellent opportunity to acquire a fully occupied, income-producing multifamily property in Columbia. The property consists of a duplex plus a separate 2-bedroom, 1-bath apartment located above the detached garage, providing three rental units and immediate income from day one.The property currently generates $3,050 per month / $36,600 per year in actual rental income with established tenants in place. Units are separately metered, helping keep owner-paid expenses low.Annual property taxes are approximately $3,734 and current annual property insurance is approximately $860.At the current asking price of $325,000, the property offers an attractive 11.3 gross rental yield at approximately $108,000 per unit.Investment Highlights:• 3 income-producing rental units• Fully occupied with established tenants• $3,050 current monthly rental income• $36,600 current annual rental income• Separately metered units• Approximately $3,734 annual property taxes• Approximately $860 current annual insurance expense• Duplex + detached 2BR/1BA garage apartment• Approximately $108,000/unit at asking price• Immediate rental income with potential for future rent growthAn attractive opportunity for an investor seeking an established multifamily property with existing cash flow and relatively low fixed property expenses.Financial information and lease details available to qualified buyers. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.

4017 Ensor Ave, Columbia

Listing courtesy of Keller Williams Realty.

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