Great for investors or owner occupants! This beautiful, brick, 4-family has been renovated in the past 4 years. Three of the units are tenant occupied. The 4th unit recently vacated and rehabbed is ready to be leased or for the new owner to move right in! Updates include a custom paint job, laminate flooring in 2 units, carpet, 6 panel doors, some new appliances, ceiling fans, blinds, new bathroom vanities, bathroom lights, exterior lights, exterior doors, new privacy fence, and a new roof in the past 3 years. Three units are rented ($650, $650, and $675 which are below market.) Potential rent income is $850 per unit in this area. The projected annual income of $40,800 and expenses of $10228 which includes a 5% maintenance fee gives you a NOI of $30,572. The approximate cap rate is 8%. This GEM won't last long!!! A great opportunity in a prime location!!!Motivated Seller!!!
Listing courtesy of Advanced Realty Group.
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