248 South Street Well-located 9-unit multifamily investment in Butte Falls offering immediate cash flow w/value-add upside. The property consists of three two-story buildings totaling approx. 6, 200 SF on an +/-0.43 acre parcel. Unit mix includes 1 and 2 bedroom units w/separate gas and electric meters, on-site storage sheds, and ample off-street parking. Currently 7 of 9 units occupied, providing in-place income with near-term upside through lease-up of two vacant units. One vacant unit requires routine make-ready only (carpet and interior paint). Several long-term tenants support stable rental demand. A portion of the income is HUD-subsidized, offering reliable rent payments and downside protection. No HOA. Public utilities. Professionally managed. Pricing reflects current occupancy and market conditions, creating an attractive entry point for investors seeking steady cash flow w/upside through lease-up and operational optimization. Do not disturb tenants. Financials & rent roll avail. upon request.