Turn-key investment opportunity! Excellent 5-unit multi-family property featuring five individual 1-bedroom apartments delivering a strong Net Operating Income (NOI) of $37,539 after expenses, representing a solid 10% cap rate. Total landlord utility expenses (electric, gas, water, and sewer) are $8,809/year. The property includes high-speed internet bundled into operations to power the remote-accessible security camera system, which transfers to the new owner upon sale. Well-maintained with a solid rental history, established annual rent schedules, cooperative tenants aware of the sale, and full compatibility with local housing assistance programs. A fantastic addition to any portfolio!
3,231 Sq Ft
6,050 Sq Ft Lot Size
commercial
$298 Monthly Tax
Built in 1960
MLS/Listing ID R1702566
3 Stories
5 Units
Shingle
Public Sewer
Public Water
Heating - Gas
Heating - Forced Air
Lot - Rectangular Lot
TOTAL MONTHLY COST
$0
$0
$0
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