Excellent opportunity to acquire a cash-flowing multifamily property in a central city location. The sale includes a four-unit residential building at 220 N. 6th St with a rear parking lot, creating an additional income stream with future expansion potential. The residential building features a desirable unit mix with strong in-place rents: Unit #1: 2 Bedrooms - $900/month Unit #2: 3 Bedrooms - $1,500/month Unit #3: 2 Bedrooms - $1,100/month Unit #4: Studio - Projected $850/month Landlord currently pays gas heat, water, sewer, and trash. The rear parking lot provides steady income with rented spaces at $60 per space per month ($900/month), with potential to create additional parking spaces. Ideal for investors seeking a stabilized asset with diversified income streams, immediate parking revenue, and long-term growth through leasing and expansion. Conveniently located near downtown amenities, public transportation, shopping, dining, and nearby daycare facilities, adding to tenant appeal and long-term rental demand. Schedule your private showing today.

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Anne Lusk | Sotheby's International Realty

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Property Details of 220 N 6th Street

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Anne Lusk | Sotheby's International Realty