Average square foot calculated using Size range provided by listing agent.
Description
7-plex features four units with 0 bedroom and 1 bathroom, two units with 1 bedroom and 1 bathroom, and one unit with 2 bedrooms and 2 bathrooms. Current long-term tenants are on month-to-month lease. This investment offers a unique opportunity to add value without any updates to the building or units. The rents are significantly below market and can be increased by an average of 15% to meet current market rents. Current Cap Rate of 6.92% would be raised to 8.43%! Opportunity to renovate and increase rent even more in the future. DSCR loans available. DO NOT DISTURB TENANTS!Show Description
MLS® Number2425557
Laundry Level
Central VacNo
FireplaceNo
Acreage0.25
ExteriorWood
GarageNo
Approx. Age1932
Basement
Driveway
Garage Spaces
HeatBaseboard
A/CNone
Heating Fuel
Extras
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