$3,450,000
11
Beds
17
Baths
10,007
Living Area
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Property Description
17-unit brick garden-style apartment building with eleven (11) 1-BR apartments and six (6) large studios. Stabilized existing cash flow - GOING IN CAP RATE 6.78% + upside potential. Opportunity to upgrade kitchens and baths, but roof and heating systems updated within last 11 +/- years. Off-street parking, well-located near downtown and with easy access to I-495. FOR ADDITIONAL INFORMATION PLEASE SEE FIRM REMARKS
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Highlights
- Levels: 4
- Property Class: Residential Income
- Stories: 4
- Year Built: 1947
- Parking Spots: 17
- Property Type: 5-9 Family
- Total Rooms: 28
- Status: Active
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Additional Details
- Foundation: Block
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: Nb
- Lot Features: Level
- Total Number of Units: 17
- Year Built Source: Public Records
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Amenities
- Parking Features: Off Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,748,000
- Taxes: $17,235
- Tax Year: 2025
- Total Rent: $26,135
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Listing information provided courtesy of Carl Christie.
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