283-289 Fifth St
$999,000
10
Beds
5
Baths
5,000
Sqft
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$999,000
10
Beds
5
Baths
5,000
Living Area
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Property Description
Rare opportunity to acquire a 5 unit package consisting of a 3 family and 2 family offered together for under $1M. Strong income potential with both buildings featuring vacancies, allowing a buyer to set market rents immediately. Fully rented, the property has the ability to generate close to $10,000 per month. Ideal for investor or owner occupant looking to scale with built in upside. Units offer functional layouts with solid bedroom counts and separate utilities. Off street parking and convenient location near major routes, shopping and amenities add to long term desirability. Excellent value add opportunity with significant rental growth potential. Buyers to perform their own due diligence.
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Highlights
- Levels: 5
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 29
- Status: Active
- Property Class: Residential Income
- Stories: 5
- Year Built: 1940
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Additional Details
- Basement: Full
- Lot Features: Cleared
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: R
- Foundation: Granite
- Road Frontage Type: Public
- Total Number of Units: 5
- Year Built Source: Public Records
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $611,600
- Taxes: $6,991
- Tax Year: 2025
- Total Rent: $9,200
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Listing information provided courtesy of Century 21 North East Homes.
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