**Prime Multifamily Investment Opportunity in Sought-After Location**

**Property Overview:**
Seize the chance to own a well-maintained multifamily property, ideally situated on a spacious 1-acre lot. This property features six individual units, each offering approximately 1,100 square feet of living space, with 2 bedrooms and 2 full bathrooms per unit. The city has also approved the construction of an additional unit, adding to the investment potential.

**Tenant-Paid Utilities:**
Tenants are responsible for all utilities, including water, gas, and electricity, significantly reducing the landlord's recurring expenses.

6-Plex Financial Summary
Annual Gross Rent:
Current Annual Gross Rent: $78,600
Potential Annual Gross Rent (after re-renting two units at market rate): $113,400
Unit B3 (currently manager-occupied, previously rented): $1,450/month
Unit A1 (current tenant on month-to-month lease, planned non-renewal): $1,450/month
Potential increase from Unit B1 (currently $1,300/month on month-to-month lease) if re-rented.
Expenses:
Property Taxes: $8,000/year
Property Insurance: $3,900/year (fire & liability)
Maintenance Costs: $1,000 to $5,000/year (self-mowed, no additional mowing costs currently)
Recent Large Expenditures (non-recurring):
Two air conditioning replacements
Sewage line repair (A1)
Natural gas line replacement (B building)
Hurricane debris removal (Hurricane Beryl)
Future Considerations:
Roof replacement needed due to age
Gutters and fascia should be replaced
Additional Notes:
New owners may benefit from improved cash flow due to depreciation.