Sold!
$925,000
12
Beds
12
Baths
7,920
Living Area
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Property Description
LOOKING FOR A LUCRATIVE INVESTMENT PROPERTY, YOU'VE FOUND IT !!! With 12 units (6 one bedroom & 6 studio) completely rented this is a great property to add to your portfolio. All units are month to month rental agreements, tenants pay their own electric (separately metered). Gas for heat and hot water paid by landlord. Security deposits being held on all units. Vacancies are never a problem !! There have been no vacant months in the past 5 years (actually, much longer !) There is a large basement with a concrete floor and a number of separate rooms that could easily be made into tenant storage and/or laundry for extra income. Rubber roof installed 2002, new boiler 2014, newer hot water system, 200 amp service, 3 phase electrical. Very well maintained and in great condition. This is in a Qualified Opportunity Zone ! As of June 2023 rent is $10,630 per month !! Cap rate 9.5%, GRM 7.84
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Highlights
- Has View: Yes
- Property Type: 5-9 Family
- Year Built: 1920
- Property Class: Residential Income
- Total Rooms: 30
- Status: Closed
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Additional Details
- Appliances: Utility Connections for Gas Range
- Construction: Brick
- Flooring: Wood, Vinyl, Bamboo, Hardwood
- Foundation Area: 2720
- Road Frontage Type: Public
- Total Number of Units: 12
- Year Built Details: Actual
- Zoning: Cc
- Basement: Full, Partially Finished, Interior Entry, Concrete
- Exterior Features: Porch
- Foundation: Stone, Brick/Mortar
- Lot Features: Level
- Roof: Rubber
- View: City View(s)
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, Sidewalks
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Utilities
- Electric: 200+ Amp Service
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $403,300
- Compensation Based On: Net Sale Price
- Tax Year: 2022
- Total Rent: $9,885
- Buyer Agent Compensation: 2%%
- Facilitator Compensation: 2%%
- Taxes: $9,149
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