Multi-family apartments for sale in the growing area of BELLWOOD LAKE. This is a 5 acre property consisting of one 3 story building with 12 units and a small manufactured rental home at the back of the property. These are 1 bedroom apartments, 810 sq feet, that come with a bonus room/office and are 100% occupied. All 5 acres are zoned R-MF (multi-family). 4 acres remain to continue development. Currently the apartments are rented for $850 per month. One water meter at apartments and owner pays water bill, but individually metered electric and tenants pay their own electric bill.
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