Description
7 unit investment property. Gross Rental Income: $86,100 (Projected) Net Operating Income: $69,258 (Projected)This is a rare opportunity to own a 7-unit, all-brick apartment building with large, well-laid-out units andsubstantial upside potential. Five of the seven apartments are currently vacant, giving you a chance torenovate cosmetically and increase rents significantly as the apartments are large. Key Highlights:- Beautiful, classic brick construction- All units separately metered for electric and water! tenants pay their own utilities- Electric heat throughout simple, low-maintenance systems- Clean, coin-operated laundry on-site- Light cosmetic work needed to push rents to market rate- Easy-to-manage investment with minimal ongoing maintenanceCurrently producing $19,800/year in gross income with projected rents reaching $86,100/year making this agreat value-add for a smart investor.
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0BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
School Information
Description
7 unit investment property. Gross Rental Income: $86,100 (Projected) Net Operating Income: $69,258 (Projected)This is a rare opportunity to own a 7-unit, all-brick apartment building with large, well-laid-out units andsubstantial upside potential. Five of the seven apartments are currently vacant, giving you a chance torenovate cosmetically and increase rents significantly as the apartments are large. Key Highlights:- Beautiful, classic brick construction- All units separately metered for electric and water! tenants pay their own utilities- Electric heat throughout simple, low-maintenance systems- Clean, coin-operated laundry on-site- Light cosmetic work needed to push rents to market rate- Easy-to-manage investment with minimal ongoing maintenanceCurrently producing $19,800/year in gross income with projected rents reaching $86,100/year making this agreat value-add for a smart investor.
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