$1,950,000
12
Beds
9
Baths
8,493
Living Area
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Property Description
7-9 Holland Ave is a three-story building and contains nine residential units comprised of six 1-Bedroom/1-Bathroom units and three 2-Bedroom/1-Bathroom units. Each unit is separately metered for electricity and gas-fired heat, which the tenants pay directly. Hot water is the responsibility of the tenants in three units and the landlord in six units. The landlord is also responsible for common area electric and domestic water and sewer. The Property offers eleven on-site parking spaces for residents. In-place leases are significantly below market rates; the opportunity exists to upgrade the unrenovated unit interiors to drive rental rates in an urban-infill, high demand/supply-constrained residential market.
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Highlights
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1925
- Parking Spots: 11
- Property Type: 5-9 Family
- Total Rooms: 30
- Status: Closed
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Additional Details
- Basement: Unfinished
- Lot Features: Other
- Roof: Rubber
- Total Number of Units: 9
- Year Built Source: Public Records
- Foundation: Other
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: R4
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Amenities
- Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, University
- Parking Features: Off Street
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Utilities
- Electric: Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,980,900
- Tax Year: 2024
- Total Rent: $15,065
- Rental Fee Includes: Unit 1(Water, Hot Water), Unit 2(Water, Hot Water)
- Taxes: $18,936
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Listing information provided courtesy of Horvath & Tremblay.
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