Average square foot calculated using Size range provided by listing agent.
Description
7 unit investment property. Gross Rental Income: $86, 100 (Projected) Net Operating Income: $69, 258 (Projected) This is a rare opportunity to own a 7-unit, all-brick apartment building with large, well-laid-out units and substantial upside potential. Five of the seven apartments are currently vacant, giving you a chance to renovate cosmetically and increase rents significantly as the apartments are large. Key Highlights: - Beautiful, classic brick construction - All units separately metered for electric and water! Tenants pay their own utilities - Electric heat throughout simple, low-maintenance systems - Clean, coin-operated laundry on-site - Light cosmetic work needed to push rents to market rate - Easy-to-manage investment with minimal ongoing maintenance Currently producing $19, 800/year in gross income with projected rents reaching $86, 100/year making this a great value-add for a smart investor.Show Description
MLS® NumberPASK2021594
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1920
Stories3
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatBaseboard - Electric, Electric
A/CWindow Unit(s)
Heating Fuel
Extras
all appliances
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