Average square foot calculated using Size range provided by listing agent.
Description
NVESTOR SPECIAL! Don’t miss this incredible opportunity to own a multi-unit income-producing property with serious upside potential. This property currently features three rented apartments generating $2, 000/month, with a fourth unit ready to be finished—bringing projected gross rents to $3, 000/month or more! Located on a sizable lot, this property includes: (2) 2 Bed / 1 Bath units on the first floor (1) 1 Bed / 1 Bath unit on the second floor (1) Unfinished 2 Bed / 1 Bath unit also on the second floor Value-add opportunity: The unfinished unit already has a new sink, toilet, and hot water heater on-site, along with a new shower enclosure for Unit 1—ready for installation. Some materials, including plex and other items, are also included to help with the finish-out. Recent updates have been completed over the past few years, with additional room for improvements to increase value and income. Other key details: Electric on the second floor is not split, current owner pays approx. $200/month Baseboard heat in use, but gas furnace piping is in place Water approx. $92/month (for all 3 units) Trash approx. $45/month Gas line is available but currently unused Whether you're an experienced investor or just getting started, this property offers both immediate cash flow and long-term potential. Finish the fourth unit, optimize utilities, and watch your ROI grow!Show Description
MLS® Number5114446
Laundry LevelIn Unit
Central VacNo
FireplaceNo
Acreage0.151
Exterior
GarageNo
Approx. Age1910
BasementUnfinished, Walk Up Access
DrivewayGravel, Off Street, Parking Lot, On Street, Unpaved