Only 39.5k per unit! listed below assessed value-of $2.3 million.. 48 unit multifamily apartment building with large upside potential. Renovated in 1994, ready for another modest facelift. Desirable location with good access shopping and conveniences. Five story building has handicap lift, elevator, community room, rental office, laudry room, two stairwell emergency exits that both allow access to all floors. Secure building with central chiller, central boiler heat. 48 One bedroom aparyments , 18 units occupied and 30 vacant. one apartment was recently remodelled to be used as rental model . pics attached. All units are 1br, they vary slightlyin layout and have approximately 480 to 500 sq ft in area. Cookie cutted modest rehab can quickly bring top rents. Seller has updated one unit as model. stainless steel appliances (fridge, range, disposal,sink)...new cabinetry ...quartz island bar,new hardwood floors,new bath vanity, new kitchen pics are in the listing. Possible Fifty thousan dollar plus rents per mo ($50,000/month) with nice rehab...
Great opportunity -- don't delay !