Sold!
$1,750,000
16
Beds
8
Baths
6,656
Living Area
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Property Description
Investor's dream! Unlock immense potential with a total of eight 2-bedroom, 1-bath apartments in two separate 4 unit buildings situated on one parcel with 10 parking spaces in a paved lot. Separate electric. Rent includes heat/hot water. Currently, tenants are TAW, offering the chance to maximize returns as rents are currently well below market rates. Constructed in 1960, one building features an updated circuit breaker panel, recent roof replacement (2018) and updated kitchens, while the other one has newer vinyl siding (2020) but needs fuse panel and roof replacement . Insulated replacement windows in both structures, enhancing energy efficiency. Don't miss out on this potentially lucrative investment opportunity! Group Showings to well-qualified buyers on Saturday, April 27th at 11AM BY APPOINTMENT ONLY!
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Highlights
- Heating: Baseboard, Oil
- Property Class: Residential Income
- Total Rooms: 32
- Status: Closed
- Parking Spots: 10
- Property Type: 5-9 Family
- Year Built: 1960
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Additional Details
- Appliances: Range, Refrigerator
- Construction: Frame
- Foundation: Concrete Perimeter
- Lot Features: Corner Lot
- Roof: Shingle
- Year Built Details: Approximate
- Zoning: R3
- Basement: Full, Interior Entry, Concrete
- Flooring: Wood, Vinyl
- Interior Features: Living Room, Kitchen
- Road Frontage Type: Public
- Total Number of Units: 8
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park
- Waterfront Features: Beach Front, 1/2 to 1 Mile To Beach
- Parking Features: Paved Drive, Off Street, Assigned, Paved
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Utilities
- Electric: Fuses, Circuit Breakers, Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,101,900
- Compensation Based On: Net Sale Price
- Rental Fee Includes: Unit 1(Heat, Water, Hot Water), Unit 2(Heat, Water, Hot Water), Unit 3(Heat, Water, Hot Water), Unit 4(Heat, Water, Hot Water)
- Taxes: $12,804
- Buyer Agent Compensation: 2.0%
- Facilitator Compensation: 2.0%
- Tax Year: 2024
- Total Rent: $3,770
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Armstrong Field Real Estate.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
