Investment Opportunity - 8-Unit Brick Apartment ComplexDiscover a solid, income-producing property built for long-term stability and easy ownership. This all-brick 8-unit apartment complex features eight similar 1-bedroom, 1-bathroom units, each equipped with an oven and refrigerator-simple, efficient layouts. Set among mature landscaping with a full sprinkler system, the exterior offers curb appeal and low maintenance. The brick construction ensures durability and lower upkeep costs, providing investors with a dependable asset that performs year after year. Located in a desirable, established area with strong rental demand, this property presents steady cash flow and excellent upside potential. Whether you're expanding your multifamily portfolio or seeking a turnkey investment with reliable returns, this complex checks every box.
Presented By: ; 9705229727
General for 210 N Division Ave 1-8
AppliancesElectric Range/Oven, Refrigerator
Attached Garage No
Cap Rate4.05
CitySterling
Close Price610000
Construction MaterialsBrick/Brick Veneer
CoolingWall/Window Unit(s), Ceiling Fan(s)
CountyLogan
ElectricElectric, Xcel
Elementary SchoolAyres, Campbell
Exclusionsany and all personal property of tenants.
Garage Y/NNo
Gas Y/NNatural Gas, Xcel
Gross Income44280
HOANo
HeatingWall Furnace
High SchoolSterling
High School DistrictValley RE 1
Land Lease Y/NNo
LevelsTwo
Living Area UnitsSquare Feet
Lot Size Square Feet10402
Lot Size UnitsSquare Feet
MLS AreaLogan
Middle/Junior High SchoolSterling
Net Operating Income25283
New ConstructionNo
Number Of Units Total8
Operating Expense18997
Possible UseMulti-Family
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeIncome Property
Property TypeResidential Income
RoofComposition
Senior Community Y/NNo
SewerCity Sewer
Standard StatusClosed
StatusSold
Stories Count2
Subdivision NameSaylor Rep 2
Tax Annual Amount997
Tax Year2024
Tenant PaysGas, Electricity
Unit Number1-8
UtilitiesNatural Gas Available, Electricity Available
Year Built1954
ZoningC
Interior for 210 N Division Ave 1-8
Air Conditioning Y/NYes
BasementNone
Fireplace Y/NNo
Heating Y/NYes
LivingAreaSourceAssessor
Total Baths8
Total Bedrooms8
Exterior for 210 N Division Ave 1-8
Horse Y/NNo
Lot FeaturesCurbs, Sidewalks, Lawn Sprinkler System
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