About 305 N Broadway Street
High-Yield Investment Opportunity! Secure an immediate high-return addition to your portfolio with this versatile three-unit rental property. This well maintained property is an absolute powerhouse for income seekers, generating nearly $30,000 in annual net income through its established rental history. Ideally suited for a long-term ''buy and hold'' strategy, and uniquely features permissive industrial zoning, providing a rare layer of flexibility and long-term land value that is difficult to find in standard residential investments.
The primary structure is substantial, offering a spacious 1,283 square feet on the first floor and 909 square feet on the upper level. Currently configured as a three-unit rental, the layout includes four bedrooms and three full bathrooms. Tenants will appreciate the varied outdoor living spaces, including a 281-square-foot open masonry porch, multiple wood decks, and two enclosed porches.
In addition to the main units, the property includes a 360-square-foot detached frame garage that offers secure in-demand storage for tenants. This is a prime opportunity to acquire a cash-flowing asset, with industrial zoning that paves the way for future growth and specialized use cases in the heart of Spencerville.
