Long time owners looking to retire. 1st time this property has ever been offered for sale. This building is a money maker and looking for a new investor to continue its solid rental income history. The building holds 5 units that are well maintained and rented. There is an additional 5 garage spaces that are rented out to maximize your rental income. This property brings in $68,400 in rents a year. Many updates throughout the building over the years like roof in 2009, most of the windows have been replaced, fresh paint, good appliances, updated cabinets, lighting, bathrooms. This building is located in a quiet residential neighborhood. Cap Rate is sitting over 11%. This place is a property owner's dream.
Built in 1888
Disclaimer: The information contained in this listing has not been verified by Real People Realty, Inc. and should be verified by the buyer.Information provided by MRED