119 Grape St
$475,000
6
Beds
5
Baths
2,603
Sqft
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$475,000
6
Beds
5
Baths
2,603
Living Area
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Property Description
Exceptional 5-unit Investment Opportunity with Upside Potential. Nestled in a quiet and desirable neighborhood, this well-maintained 5-family rental property has been in the same family for over 30 years and is professionally managed for seamless operation. The property features a versatile mix of units, with the current owner covering hot water & electricity for some units. However, the property is already equipped with separate electric meters, offering flexibility for a future owner to reduce operating costs by shifting responsibility for electric bills to tenants. Additional highlights include off-street parking for tenant convenience and a location that balances tranquility with accessibility, just minutes from major highways. With below-market rents, this property offers excellent upside potential for increased cash flow.Whether you’re a seasoned investor or looking for your first multi-family property, this is a rare opportunity to acquire a professionally managed asset.
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Highlights
- Heating: Oil, Electric
- Property Class: Residential Income
- Total Rooms: 14
- Status: Active
- Parking Spots: 10
- Property Type: 5+ Family - 5+ Units Side by Side
- Year Built: 1905
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Additional Details
- Construction: Frame
- Interior Features: Living Room, Kitchen, Living RM/Dining RM Combo
- Roof: Shingle
- Year Built Details: Approximate
- Zoning: 1
- Foundation: Stone, Brick/Mortar
- Road Frontage Type: Public
- Total Number of Units: 5
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Highway Access, Public School
- Parking Features: Paved Drive, Off Street
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Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $302,000
- Rental Fee Includes: Unit 2(Hot Water), Unit 3(Electric), Unit 4(Electric)
- Taxes: $4,458
- Compensation Based On: Net Sale Price
- Tax Year: 2024
- Total Rent: $3,575
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