Sold!
$370,000
8
Beds
5
Baths
4,620
Living Area
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Property Description
LOOKING FOR A LUCRATIVE INVESTMENT PROPERTY, YOU'VE FOUND IT !!! With 5 units (3 two bedroom & 2 one bedroom) completely rented, this is a great property to add to your portfolio. All units are month to month no leases, tenants pay their own electric and gas heat (separately metered). Gas for leased hot water tank paid by landlord. Security deposits and last month's rents being held on all units. Vacancies are never a problem !! There is a large basement with a concrete floor that could easily be made into tenant storage and/or laundry for extra income. Large roof replaced summer 2011, smaller roofs done prior to that, gas heating systems installed 2006, leased hot water system 2018, 500 amp service, possible knob & tube, shared driveways. Very well maintained and in great condition. Third floor rooms can possibly be turned into bedrooms with emergency exits added - more income potential there ! This is in a Qualified Opportunity Zone !
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Highlights
- Heating: Unit 1(Forced Air, Gas), Unit 2(Forced Air, Gas), Unit 3(Forced Air, Gas), Unit 4(Forced Air, Gas)
- Property Class: Residential Income
- Total Rooms: 20
- Status: Closed
- Parking Spots: 7
- Property Type: 5+ Family - 5+ Units Up/Down
- Year Built: 1890
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Additional Details
- Appliances: Unit 2(Range, Refrigerator), Unit 3(Range, Refrigerator), Unit 4(Range, Refrigerator), Utility Connections for Electric Range, Utility Connections for Electric Dryer, Utility Connections Varies per Unit
- Construction: Frame
- Flooring: Vinyl, Carpet, Varies Per Unit, Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors, Wall to Wall Carpet), Unit 3(Hardwood Floors), Unit 4(Hardwood Floors)
- Interior Features: Unit 1(Ceiling Fans, Pantry, Storage, High Speed Internet Hookup, Bathroom With Tub & Shower, Programmable Thermostat), Unit 2(Pantry, Storage, High Speed Internet Hookup, Bathroom With Tub & Shower, Programmable Thermostat), Unit 3(High Speed Internet Hookup, Walk-In Closet, Bathroom With Tub & Shower), Unit 4(Storage, High Speed Internet Hookup, Bathroom With Tub & Shower), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen, Office/Den), Unit 3 Rooms(Living Room, Kitchen), Unit 4 Rooms(Living Room, Kitchen)
- Road Frontage Type: Public
- Total Number of Units: 5
- Year Built Source: Public Records
- Basement: Full, Interior Entry, Bulkhead, Concrete, Unfinished
- Exterior Features: Porch, Gutters, Screens
- Foundation: Block, Stone
- Lot Features: Easements, Gentle Sloping
- Roof: Shingle
- Year Built Details: Actual
- Zoning: Dcd
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Amenities
- Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Marina, Private School, Public School
- Waterfront Features: Beach Front, Lake/Pond, 1 to 2 Mile To Beach, Beach Ownership(Public)
- Parking Features: Shared Driveway, Off Street, Stone/Gravel
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Utilities
- Electric: Circuit Breakers, Individually Metered, Knob & Tube Wiring
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $221,800
- Compensation Based On: Net Sale Price
- Rental Fee Includes: Unit 1(Water, Hot Water), Unit 2(Water, Hot Water), Unit 3(Water, Hot Water), Unit 4(Water, Hot Water)
- Taxes: $4,136
- Buyer Agent Compensation: 2%
- Facilitator Compensation: 2%
- Tax Year: 2023
- Total Rent: $5,575
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