Sold!
$902,500
14
Beds
5/1
Baths
3,368
Living Area
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Property Description
Great Investment Opportunity with option for IRS 1031 Tax Deferred Exchange for Qualified Investor. Across from South Common in a prime location.14-unit rooming house with 2 units w/ private baths, 12 tenants sharing 3 &1/2 bathroom facilities. All utilities are included in the rent. The building is well-maintained and conveniently located near public transportation, shopping, and easy highway access. Cap Rate: 11.51%. Sprinkler system installed 1994, two new hot water tanks installed 2/5/25, two holding tanks installed in 2022 and new vinyl sided in 2022. 4 off-street parking and plenty of on-street parking. Good Condition, Well maintained & Low turnover, Property managed by same Company for 45 years. Unique Opportunity.
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Highlights
- Levels: 4
- Property Class: Residential Income
- Stories: 4
- Year Built: 1870
- Parking Spots: 4
- Property Type: 5+ Family - Rooming House
- Total Rooms: 15
- Status: Closed
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Additional Details
- Appliances: Washer, Dryer, Range, Refrigerator
- Interior Features: Laundry Room
- Road Frontage Type: Public
- Total Number of Units: 14
- Year Built Source: Public Records
- Foundation: Concrete Perimeter
- Lot Features: Corner Lot
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: Tmf
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Amenities
- Community Features: Public Transportation, Shopping, Park, Public School, T-Station, University
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $418,700
- Tax Year: 2024
- Total Rent: $8,900
- Rental Fee Includes: Unit 1(Heat, Electric, Gas, Water, Hot Water), Unit 2(Heat, Electric, Gas, Water, Hot Water), Unit 3(Heat, Electric, Gas, Water, Hot Water), Unit 4(Heat, Electric, Gas, Water, Hot Water)
- Taxes: $4,987
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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 LAER Realty Partners.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
