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The subject property is a Two Stories, 4 Family Building with (3) Large 3 Bedroom Apartments and (1) Two Bedroom Apartment, Spread over 3,520 interioer Square Feet. All 4 Apartments Have been Fully Gut Renovated With New Kitchen, New Bath, New Plumbing and New Electric, in Excellent Condition. The Basement has a Separate Entrance From The Front of the Building an Can Be Rented For Storage To a Plumber or Carpenter, Or Office Work, Basement is 1,760 Sqft. All Apartments Are Rented. It Has a Large Building Size 22 X 80 Ft. The Tenants Pay For All Their Utilities, Including Heat, Cooking Gas, And Electric, This Building Provides high Income with Very Low Expenses, Excellent Investment Asset. Close to Public Transportation, Many Stores and Houses of Wohrship and Schools Income is as Follows: Apt 1F $2,555 Apt 1R $3,214 Apt 2R $3,214 Apt 2F $3,214 Basement $1,500 Annual Gross Income 164,164 Water $3000 Insurance $3,500 Electric $500 Tax $9,484 Annual Net Income $147,880 Cap Rate 11.49%
great investment 3 story Corner Mix-use with 2 Commercial Retail unit & 2 (4brm) vacant apartments. Apartments updated with hardwood floor throughout and each apartment has 4brm,2 bath. projected gross rental income is 169,200, net income is approx. 150k.
Exceptional Mixed-Use Building with Prime Investment Potential Presenting an outstanding opportunity for the discerning investor, this mixed-use building offers a prime location and versatile income potential. Comprising a total of five residential units and two commercial spaces, this property is a lucrative prospect for the right buyer. Residential Units: - Four units consist of 3 bedrooms and 1 bathroom each. - The fifth unit features 2 bedrooms and 1 bathroom. - Unit 1R: 3 bedrooms, $3,600/month (Vacant on delivery) - Unit 2R: 3 bedrooms, $3,600/month (Vacant on delivery) - Unit 3R: 2 bedrooms, $2,000/month (Occupied) - Unit 3L: 3 bedrooms, $3,600/month (Vacant on delivery) - Unit 2L: 3 bedrooms, $2,400/month (Occupied) Commercial Spaces: - Front Store: with approximately 1,500 sq ft, $3,000/month - Back Store: Takeout restaurant with approximately 1,000 sq ft, $3,000/month Income Breakdown: - Potential monthly income: $24,200 - Yearly income: $290,400 Exp Food Pantry enses (Approximately): $22,548 per year This property presents a fantastic investment with a mix of occupied and vacant units, providing potential for immediate income generation and future value appreciation. The building's strategic location ensures a steady stream of foot traffic for the commercial tenants, enhancing their earning potential. Don't miss the chance to own a piece of this thriving investment
