Property Description

OPEN HOUSE Sunday July 19th 12:00-1:30pm !!This fully occupied three-unit investment property is generating $43,776 in annual gross rental income. The building has been beautifully maintained inside and out and features natural gas heat, a regularly serviced furnace in good condition, and a brand-new hot water heater, helping keep operating costs efficient.Inside, you'll find a well-cared-for property with reliable long-term tenants already in place on a month-month, making this a turnkey opportunity for investors. Conveniently located in one of Auburn's desirable rental markets, the property benefits from strong tenant demand driven by a growing population of young professionals, proximity to two major colleges, a regional hospital, shopping, dining, and outdoor recreation including Lake Auburn and numerous nearby hiking trails.Laundry hookups on each level for added convenience. Whether you're looking to expand your investment portfolio or house hack and purchase your first income-producing property, at a 7% cap rate 10 Pearl Street offers strong income potential in a high-demand location. Don't miss your opportunity--this one won't last long!

Property Features