7-11 Gibbs Ct
$3,000,000
15
Beds
9
Baths
8,100
Sqft
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$3,000,000
15
Beds
9
Baths
8,100
Living Area
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Property Description
Exceptional cash-flowing 9-unit investment property generating approximately $226,500 in annual rental income. This well-maintained building features three (2) one-bedroom units (2) three-bedroom units, (5) two-bedroom units, and a strong and diverse rental mix. Recent capital improvements include a new roof and siding, an updated exterior, paved driveway, and upgraded electrical systems throughout—providing peace of mind and reduced near-term maintenance costs. Current rents are slightly below market value, creating a clear opportunity for future rent increases and additional upside for the next owner. The property also benefits from separate utilities, with tenants responsible for their own usage—helping to maximize net operating income. Additional amenities include off-street parking for at least six vehicles. Prime location, close to major universities and with commuter rail access, making the property attractive to both tenants and investors.
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Highlights
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1910
- Parking Spots: 6
- Property Type: 5-9 Family
- Total Rooms: 25
- Status: Active
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Additional Details
- Construction: Frame
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: Res
- Foundation: Stone
- Roof: Shingle
- Total Number of Units: 9
- Year Built Source: Public Records
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Amenities
- Parking Features: Paved Drive, Paved
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $2,626,700
- Taxes: $25,794
- Tax Year: 2025
- Total Rent: $18,875
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Listing information provided courtesy of Longwood Residential, LLC.
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