3-6 Witherbee Terrace
$3,100,000
19
Beds
14/1
Baths
8,190
Sqft
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$3,100,000
19
Beds
14/1
Baths
8,190
Living Area
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Property Description
TURNKEY CASH COW with $32,190 monthly rent roll and 9%+ cap rate! 100% occupied! 3-6 Witherbee Terrace is a 4 building portfolio comprising of 13 adjacent units on a dead end street. All occupying tenants are rent subsidized by various housing authority programs. Extensive improvements and renovations have been made to the property, and the majority of units and common areas have seen major improvements. Witherbee Terrace has 4 buildings on it, and this is your opportunity to own an entire street! 3 Witherbee is four large studios, 4 Witherbee is two 2-bedrooms and one large studio, 5 Witherbee is a 4-bedroom single family and 6 Witherbee is four studios and a 2-bedroom. A common dumpster serves all tenants. Professional property management is in place.
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Highlights
- Cooling: Other
- Levels: 8
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 34
- Status: Active
- Heating: Natural Gas
- Property Class: Residential Income
- Stories: 8
- Year Built: 1925
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Additional Details
- Appliances: Other
- Foundation: Other
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: Rc
- Basement: Concrete, Unfinished
- Interior Features: Other, Living Room, Kitchen
- Total Number of Units: 13
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Other
- Parking Features: Paved Drive, Shared Driveway, Paved
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Utilities
- Electric: Other (See Remarks)
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,707,700
- Tax Year: 2026
- Total Rent: $32,190
- Rental Fee Includes: Unit 1(Heat, Electric), Unit 2(None)
- Taxes: $16,838
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