5 Unit multi-family property offering 3 standalone structures -- 16 E Elro, 18 E Elro and 20 E Elro. The 16 E Elro 2-family, lakeview property consists of a 1 BR, 1-bath unit on the 1st floor and a 2-BR, 1-Bath unit on the 2nd floor. 18 E Elro is a stand-alone cottage with an open floor plan and 1-bath. 20 E Elro is a side-by-side, 2-family dwelling with 1-BR and 1-Bath unit on each side. These 3 structures offer a terrific and rare investment opportunity. When fully rented, the annual gross income is over $66,500, annual expenses are approximately $12,500 for an. All dwellings are on one lot as per seller.
3761997
Other, 1 Story
Morris
1960
0.34
Acres
Well
1
Wood Siding
Septic Tank
5 Total
Interior Features
- Flooring
- Laminate
- Heating
- Electric Heating, Oil, Propane. .
Exterior / Lot Features
- Roof
- Asphalt
- Lot View
- Lake
- Zoning
- r
- Additional Exterior/Lot Features
- Corner Lot.
Financial Considerations
Fee Simple
2314-00464-0000-00022-0000-
$7,979
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