4BA, 4 cash-flowing units consisting of a total of 6-beds
7 BR, 4 BA
4 cash-flowing units consisting of a total of 6-beds and 4-baths on 2 lots (building lot and big parking lot on 1 side of house). All tenants are on yearly leases. The breakdown of units and monthly rent is as follows: 2-bed, 1-bath pays $500 (+$125 Utility Fee being added on next lease Dec) Ã¢€“ these tenants have been here for over 10 years // 2-bed, 1-bath pays $625 + $150 Utility Fee - this is an upstairs unit and was renovated in 2019 (paint, floors, closets, bathroom, kitchen cabinets/counters, appliances, doors) // 1-bed,1-bath pays $450 + $120 Utility Fee - second upstairs unit which was recently renovated in 2022 (paint, floors, kitchen cabinets, sink, bathroom, doors). 1-bed, 1-bath tenant just moved out, they were paying $475 + $125 Utility Fee (re-leasing now) - downstairs unit which was renovated in 2020 (paint, floors, closets, bathroom, doors). Landlord pays water/trash, electric and gas averaging a monthly cost $400 total which ends up being covered by the tenants via monthly utility fees and adjusted as necessary. Landlord responsible for lawn care and snow removal. Exterior renovations and maintenance include a full roof in 2018, gutters secured/adjusted in 2020, masonry tuck-pointed and painted in 2019, gas lines in house and to street hookup renovated & tested in 2021 and updated exterior lighting in 2020. No laundry hookups (but there is a basement that could have laundry if the new landlord wanted to offer that). GREAT cash-flowing investment opportunity!
Multi-Family Residences for Sale
October 20 2022 on DiRubba & Associates Inc