225 Straight Street

Description

Maximize your portfolio's potential with this fully occupied, beautifully revitalized multi-unit property encompassing 225 and 227 Straight Street. Sitting on a commanding, fenced corner lot directly across from a neighborhood church, this exceptional income property features three distinct two-bedroom, one-bathroom units. With a highly desirable tenant base already in place, it generates a powerful $1,250 per unit for a grand total of $3,750 in monthly gross rent. This building boasts massive structural and cosmetic upgrades designed for effortless, low-maintenance ownership. Two of the units were thoroughly renovated in May 2026 and immediately occupied in June 2026, showcasing stylish new flooring, fresh modern paint, and meticulous routine updates. Investors will love the ultimate peace of mind that comes with completely redone plumbing across all units, featuring multiple outdoor cleanouts for easy maintenance and a 3-year warranty. Capital improvements also feature a brand-new roof, new water heaters, and updated electrical panels. Every detail has been curated for resident convenience and owner ease. All appliances convey with the sale, including three refrigerators, three stove and oven combos, and eight window units providing efficient heating and cooling. For future value add, a central A/C system is already available-simply purchase the outdoor system to utilize it. The 227 unit includes dedicated washer and dryer hookups, while three laundromats sit less than a quarter-mile away to serve the remaining residents. Outside, everyone enjoys individual access to the onsite garage and covered carport parking. This turnkey gem comes with established, seamless operations already in place, including an exceptional property manager (at 10% of collected rent), routine lawn care, and an on-call plumbing and electrical maintenance manager. Utility expenses are beautifully controlled with a $150 cap on the single-meter water system and a $250 cap on electric, which can easily be split for the 227 unit or kept as-is for effortless billing. To protect the privacy of the current residents, showings will take place exclusively during the due diligence period. Secure this high-performing, worry-free asset today!