Sold!
$920,000
23
Beds
8
Baths
10,128
Living Area
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Property Description
Investors take notice of this income producing 8 Unit apartment building!! There are (7) 3 bedroom units and (1) 2 bedroom unit. The tenants pay their own electric baseboard heat and electric hot water, and have one parking space each in the rear of the building which is accessed through a right of way off the adjacent side street. The building is currently professionally managed and maintained. There is one vacant 3 bedroom unit that is easy to show. The new owner is required to assume the MRVP Rental Voucher Program with Wayfinders which requires 5 of the 8 units to be rented through this program. The approved rents for these units is $1,669 as of 05/01/2024. The current owner is doing a 1031 exchange with the proceeds, and the buyers cooperation is required.
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Highlights
- Heating: Electric
- Property Class: Residential Income
- Total Rooms: 40
- Status: Closed
- Parking Spots: 8
- Property Type: 5-9 Family
- Year Built: 1912
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Additional Details
- Appliances: Range, Refrigerator
- Construction: Brick
- Foundation: Brick/Mortar
- Lot Features: Easements
- Roof: Rubber
- Year Built Details: Actual
- Zoning: 111c
- Basement: Full, Unfinished
- Flooring: Laminate
- Interior Features: Living Room, Kitchen
- Road Frontage Type: Public
- Total Number of Units: 8
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Pool, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School
- Parking Features: Off Street
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Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $684,800
- Compensation Based On: Net Sale Price
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
- Taxes: $10,107
- Buyer Agent Compensation: 2%
- Facilitator Compensation: 1%
- Tax Year: 2024
- Total Rent: $13,058
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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 Keller Williams Realty.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
