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603 Kanawha, Nitro, WV 25413

$450,000
: 4,748
SqFt

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List Price: $450,000
Status: ACTIVE
MLS#: 285686
Subtype: Residential Income
Style: Duplex, One Story
Architectural Style: Duplex, One Story
Year Built: 1956
Living Area: 4,748
MLS Area Major: Nitro

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Property Description

An exceptional multi-family investment opportunity awaits right here on Kanawha Avenue in Nitro. This unique package consists of five total rental units situated conveniently side-by-side on the same street, making property management and oversight a breeze. The versatile layout features a spacious single-family ranch-style home complete with a one-car garage, accompanied by two well-maintained duplexes for a total of five lucrative doors. Tenants appreciate the convenience of dedicated off-street parking available for every single dwelling. Currently generating a strong gross rent roll of $5,900 per month, the property boasts reliable performance with four units currently occupied and a new tenant slated to fill the remaining vacancy shortly. This is a turnkey income-producing asset ready to elevate your real estate portfolio from day one.

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Additional Information

Property Description: Duplex, One Story
Flooring: Carpet, Hardwood, Laminate
Appliances: Oven, Range, Refrigerator
Heating: Electric, Forced Air
Air Conditioning: Central Air
Roof: Composition, Shingle
Parking Features: Garage, Off Street, Three or more Spaces
Garage Spaces: 1