Sold!
$1,580,000
13
Beds
5
Baths
5,368
Living Area
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Property Description
Amazing Investment Opportunity! Completely renovated in 2023, this turnkey five-unit property offers strong income potential and peace of mind for investors. Major improvements include a new roof, new siding, updated electrical systems, five new heating systems, five new water heaters, new windows, and numerous additional upgrades throughout. The property features an attractive unit mix consisting of three spacious three-bedroom apartments and two well-appointed two-bedroom apartments. Additional highlights include off-street parking, de-lead compliance certificates for all units, and low-maintenance ownership with significant capital improvements already completed. A rare opportunity to acquire a fully updated multifamily asset with excellent rental appeal and long-term investment value.
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Highlights
- Area: East Lynn
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1900
- Heating: Natural Gas
- Parking Spots: 5
- Property Type: 5-9 Family
- Total Rooms: 23
- Status: Closed
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Additional Details
- Appliances: Range, Refrigerator
- Construction: Frame
- Foundation: Stone
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Renovated Since
- Zoning: R2
- Basement: Full, Interior Entry, Concrete
- Exterior Features: Rain Gutters
- Interior Features: Living Room, Kitchen
- Roof: Shingle
- Total Number of Units: 5
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, House of Worship, Private School, Public School
- Waterfront Features: Ocean, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
- Parking Features: Paved Drive, Off Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,466,700
- Tax Year: 2025
- Total Rent: $14,030
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
- Taxes: $15,107
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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 Grove Property Group.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
