305 Ripley offers investors an excellent opportunity to acquire a well-maintained, turnkey investment property at an affordable price. This multi-unit building has been thoughtfully updated, with recent renovations including modernized kitchens, bathrooms, and electrical sub panels in all units. The roof was replaced in 2023, ensuring long-term durability, and the sewer lateral was replaced in 2020, providing peace of mind for future maintenance.
Currently, there is one vacant unit, presenting an ideal opportunity for the new owner to achieve market-rate rents, select their own tenant, and potentially implement a utility billing system for added revenue. Additionally, two vacant storage spaces are available to lease, historically generating $75 per month each. This property combines strong rental potential with recent upgrades, making it a solid addition to any investor's portfolio.