Well-maintained 6-unit multi-family in an excellent location near EastWorks and Downtown, offering strong upside potential. The property features a low-maintenance exterior and interior, is clean and well cared for, with a new roof membrane (Aug 2020) and a newly renovated back staircase/fire escape (Apr 2026).Long-term tenants with no leases provide flexibility for rent increases. Unit 3R, the 6th unit, is a 2-bedroom, 1-bath with kitchen and living room, gas heat, and a new refrigerator (Apr 2026), currently rented at $1,050/month. Tenants own washers/dryers; all other appliances are landlord-owned.Current cap rate is 5.5%, with rents below market ($1,600–$1,729). Pro forma cap rate reaches 8.5% at $1,600/month. Fire Department requires buyer to install a Fire Notification Panel. This is a solid investment opportunity with stable occupancy, minimal upkeep, and significant income growth potential in a highly desirable area.
5,832 Sq Ft
3,485 Sq Ft Partijgrootte
investering
US$ 677 Maandelijkse belasting
Ingebouwd 1910
MLS/Listing ID 73504629
5 Verhalen
6 Eenheden
Cooling - Window Units
Construction - Brick
Community - Park
Community - Public Transportation
Community - Shopping
Community - Sidewalks
Vaatwasser
Assortiment
Koelkast
Geïsoleerde ramen
Screens
Parking - Off Street
Parking - Paved
Parking - Tandem
Lot - Corner Lot
Lot - Level
Aansluiting elektrische droger
Wasmachine-aansluiting
Pantry
Slimme thermostaat
Community - House of Worship
Community - Bike Path
Community - Laundromat
Community - Private School
Community - Public School
Community - Walk/Jog Trails
Geïsoleerde deuren
Stormdeur(en)
Balkon - Terras
Verschilt per eenheid
Badkamer met douchecabine
Woonkamer
Aansluiting voor wasmachine en droger
Rubber
Dakramen
Public Sewer
Public Water
Vinyl
Hardhout
Brick Mortar
Heating - Natural Gas
Heating - Forced Air
Heating - Electric
Thermostaat
Inloopkasten
TOTALE MAANDELIJKSE KOSTEN
US$ 0
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