Photo 1 of 14
$425,000
Sold on 6/07/19
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
| 7 |
0.00 |
0 |
$11,075 |
1924 |
|
On the market:
44 days
|
View full details, 15 photos, school info, and price history
A TRULY GREAT INVESTMENT OPPORTUNITY. REHABBED, LEGAL 4 UNIT BRICK BUILDING. THE FRONT, UPPER LEVEL UNIT HAS 2 BEDROOMS AND 1 BATH WITH HARDWOOD FLOORS. THE REAR, UPPER LEVEL UNIT HAS 1 BEDROOM AND 1 BATH WITH HARDWOOD FLOORS. THE FRONT, LOWER LEVEL UNIT HAS 2 BEDROOMS AND 1 BATH WITH CERAMIC TILE FLOORS. THE REAR LOWER LEVEL UNIT HAS 1 BEDROOM AND 1 BATH. EACH UNIT HAS A SEPARATE HEATING UNIT SO EACH TENANT PAYS THEIR OWN GAS AND ELECTRIC COSTS. BUILDING OWNER PAYS ONLY WATER AND GARBAGE REMOVAL. USING THE ASKING PRICE AS THE BASE, THIS BUILDING BOASTS A CAP RATE OF 9.4% AND A GROSS RENT MULTIPLIER OF 7.6. THESE ARE GREAT NUMBERS FOR A NO RISK INVESTMENT.
Listing courtesy of William Darling
