Discover a lucrative investment in the heart of the city with this exceptional 10-unit property! Comprising 6 spacious and coveted 4-bedroom apartments, alongside 4 versatile storefronts, this offering presents endless potential for discerning investors. One of the storefronts is delivered vacant, an enticing opportunity for an owner-occupant buyer to establish their business in a bustling locale. The current rent roll of $9,000 per month demonstrates the immediate income-generating potential of this asset, with the added advantage of rents below market value - ripe for a smart investor to capitalize on. Flexibility is at the core of this investment, as each tenant enjoys a month-to-month lease arrangement, providing options for future adjustments. Moreover, the property's strategic location ensures strong tenant demand, as it is within easy reach of parks, grocery stores, restaurants, and shops. With the bus route conveniently located right outside the front door, commuting has never been more accessible for tenants. Don't miss out on this extraordinary chance to add a thriving 10-unit property to your portfolio. Whether you're a seasoned investor or a first-time buyer, this gem promises both immediate returns and long-term growth. Agent has an ownership interest in this property.
12,620 Sq Ft
Multi Family
Built in 1930
MLS/Listing ID 170589841
Listing Courtesy of TRINIYAH REAL ESTATE, LLC, CAMERON J. NORFLEET - 203-887-4420
Source of Data: SMART MLS