TURNKEY CASH COW with $31,990 pro forma monthly rent roll and 9%+ cap rate! 3-6 Witherbee Terrace is a 4 building portfolio comprising of 13 adjacent units on a dead end street. All occupying tenants are rent subsidized by various housing authority programs. At present, nearly 90% of the monthly rent comes from various tenant subsidy programs, which creates a turnkey operation with a stable, predictable revenue stream. Extensive improvements and renovations have been made to the property, and the majority of units and common areas have seen major improvements. Witherbee Terrace has 4 buildings on it, and this is your opportunity to own an entire street! 3 Witherbee is four large studios, 4 Witherbee is two 2-bedrooms and one large studio, 5 Witherbee is a 4-bedroom single family and 6 Witherbee is four studios and a 2-bedroom. A common dumpster serves all tenants. Twelve of thirteen units are occupied and professional property management is in place.
8,190 Sq Ft
0.31 Acri privati Dimensione del lotto
investimento
1.403 USD Imposta mensile
Costruito in 1925
MLS/ID annuncio 73535812
8 Storie
13 Unità
Heating - Natural Gas
Cooling - Other
Community - Park
Community - Public Transportation
Community - Shopping
Public Water
Public Sewer
Soggiorno
Parking - Paved
Parking - Shared Driveway
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