Bundle of Three Rental Properties
General Info: Here's a chance to buy three income producing rental properties. This bundle consists of a five-unit, single story apartment complex, a two-story home that could be split into two rental units, and a two bedroom one bath home.
Childress has always been a good market for rentals. Now, with the coming of the nation's biggest solar park and the hundreds of employees that are coming here to build the facility, there may not be a better time to own rental property in Childress.
Right now rentals are enough to cash flow the properties even though all three properties are only 50% occupied. PLEASE INQUIRE ABOUT RENTAL AND OCCUPANCY RATES.
Seller will consider splitting up all three properties.
Property 1: This is a five-unit apartment with covered parking. Depending on how a tenant configures, each unit features two or three bedrooms and two bathrooms, Each unit has a kitchen and are approximately 1,000 +/- sf in size. One of the units is 3,200+/- square foot in size. The entire complex is serviced by a utility room with common-use washer and dryer.
Property 2: This is a newly updated two-story rental on a corner lot. This home has four bedrooms, full kitchen, and two baths.
Property 3: This home is a two bedroom, one bath home. Well maintained home with renters in place.