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Excellent investment opportunity with this five-unit apartment building offering strong income and upside potential. Four units are currently rented, generating $2,725 per month, with a fifth unit being refurbished and projected to rent for $1,000 upon completion. Additional income from on-site coin laundry is not included in the current figures, providing even more revenue potential. Most tenants are long term, and all units have been remodeled in recent years, minimizing immediate capital expenses. The parking lot has been recently redone and offers ample space for residents and guests. Approximately 6,200 of the 9,300 square feet is finished, leaving significant opportunity to expand"”potentially converting the remaining space to create a 6-8 unit building. A solid, income-producing property with tremendous value-add potential! Vacant unit is available for showings and other units available with an accepted offer.
| DAYS ON MARKET | 1 | LAST UPDATED | 3/7/2026 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 1900 |
| COUNTY | Lucas | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| Elementary School | Riverside |
|---|---|
| Jr. High School | None |
| High School | Woodward |
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Water Heater |
| BASEMENT | Block, Yes |
| CONSTRUCTION | Aluminum Siding |
| EXTERIOR | Awning(s) |
| HEAT | Electric, Radiant |
| INTERIOR | Entrance Foyer |
| LOT DESCRIPTION | Other |
| LOT DIMENSIONS | 60X214 |
| PARKING | Parking Lot |
| SEWER | Public Sewer |
| STORIES | 3 |
| SUBDIVISION | None |
| UTILITIES | Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Sewer Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Key Realty
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than AmeriMade Realty, LLC are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Listing information is deemed reliable, but not guaranteed.
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Data last updated: 3/7/26 8:15 PM PST
This IDX solution is (c) Diverse Solutions 2026.