Investment opportunity with endless potential! This unique multi-family property features a barn-style apartment complex offering 6 available units, plus an additional 4-bedroom, 2-bathroom home currently configured as two separate apartments with an attached garage. Situated on approximately 1.4 acres (to be surveyed and divided from the original 34-acre parcel), this property offers multiple income-producing opportunities in one convenient location. The barn-style apartments offer tons of character and opportunity but will require finishing work and improvements, making this an ideal project for an investor or buyer looking to add value and customize the space to their vision. With several units available and ready for updates, there is significant potential to increase rental income and overall property value. The additional home provides even more flexibility with two apartment-style living spaces, creating multiple streams of rental income all on one property. Whether you're looking to expand your investment portfolio, renovate and rent, or create a unique multi-family setup, this property is packed with potential. Bring your ideas and vision, opportunities like this don't come around often!
View down payment assistance programs for this home
See this home in person
We'll connect you with a local agent to show you this home, answer your questions, and assist you on your buying journey.
Next available tour time: Tomorrow
Open houses
No upcoming open houses.
Around this home
Schools
K - 12
Preschool & daycare
North Clay Elem/Junior High School
Public PreK-8 • Assigned • 5.1mi
6/10
North Clay Community High School
Public 9-12 • Assigned • 5.1mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Electric forced-air heating
Central air conditioning and window air units
Bedrooms
Two 3-bedroom units
One 4-bedroom unit
Four 2-bedroom units
Bathrooms
Multiple full bathrooms across units (several units with 1 full bath; one unit with 2 full baths)
Kitchen
Dishwashers (2 total)
Laundry & utility
Washers (2 total)
Dryers (2 total)
Heating & cooling
Electric forced-air heat
Central air
Window units for cooling
Exterior features
Public road frontage
Large parcel (land dimensions listed)
Home design
Multi-family property (5+ units)
Month-to-month tenancy
Sole proprietor ownership
Construction
Built before 1978
Vinyl siding and brick exterior
Block foundation
Composition and metal roofs
Utilities
Water and sewer expenses accounted for (owner projection)
Trash service expense listed
Financial info
Total of 8 units
Gross income reported at $57,600 annually
Total monthly income reported at $4,800
Gross rent multiplier of 3.44
Unit-level monthly incomes: two-unit type (3 beds) at $600/month each, four-unit type (2 beds) at $600/month each, one 4-bedroom unit at $700/month, one additional 3-bedroom unit at $600/month
Water/sewer expense $17,280 (owner projection)
Trash expense $720
Other
Listing terms include lease option
Electricity and solar
View estimated energy costs and solar savings for this home