Cash-flowing 5-unit multifamily with strong rental history. There is additional value-add opportunity with the potential to convert the first floor into two units, increasing overall rental income. Projected cap rate exceeds 9% once current vacancy is filled. The property consists of four 2-bedroom units and one 3-bedroom unit. Three units have been fully renovated with updated electrical, plumbing, and efficient forced air systems—minimizing near-term capital expenditures. Separate utilities with tenants paying their own expenses. Basement storage provides additional income potential. Maintenance-free vinyl siding for ease of ownership. Ideal for investors seeking immediate cash flow with upside through lease-up and future income growth. Owner financing available; terms to be negotiated.
3,589 Sq Ft
3,720 Sq Ft Lot Size
investment
US$6,656 Annual Tax
Built in 1900
MLS/Listing ID 73489878
11 Stories
5 Units
Heating - Natural Gas
Heating - Space Heater
Natural Wood
Community - Public Transportation
Microwave
Range
Refrigerator
Living Room
Dining Room
Community - Public School
Community - Highway Access
Lot - Level
Washer Hookup
Heating - Baseboard
Heating - Forced Air
TOTAL MONTHLY COST
US$0
US$0
US$0