Courtesy of: Lori Bonarek, Lori Bonarek Realty, loribonarek@loribonarekrealty.com
Courtesy of: Lori Bonarek, Lori Bonarek Realty, loribonarek@loribonarekrealty.com
$2,200,000
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Lot: 1.06 Acres
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Other
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$2,200,000
603 N Prospect Street This listing presents an excellent investment opportunity consisting of two multi-family properties located at 603 N. Prospect Street, Cambridge and 503 10th Avenue, Orion. Together, the properties offer a total of 40 residential units, including 24 studio apartments, ten one-bedroom units, four handicap-accessible one-bedroom units, and two two-bedroom units. Both buildings operate under HUD housing requirements, serving residents who are 62 years of age or older or individuals with qualifying disabilities. The properties are well-maintained and provide key amenities such as a community room and coin-operated laundry facilities, offering comfort and convenience for tenants. With a strong history of occupancy and consistent rental income, these safe and secure buildings represent a turnkey portfolio with significant income potential in the affordable housing sector.
Courtesy of: Lori Bonarek, Lori Bonarek Realty, loribonarek@loribonarekrealty.com
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