Description:
Back of Property is 154.38 on Alley. Front is paved road. Property backs up to two existing 4-plexes. Do not have rental information. With $6950 down owner will carry $22,000 at 3.5% fully amortized for 30 years. Very attractive price for multifamily lot located just one block from town center. With inflation at 7% the purchase of this land at 3.5% interest for 30 years is like buying the property for 40% off of the recently reduced price. It is probably not possible to find a better investment. Property tax is only about $160.00 per year so the holding cost is also very reasonable for an investor. Seller has 4 other properties which are MLS 2314912, 2313533, 2314744, and 2380557. Seller will consider a reduced price to a buyer who takes all 5 properties.