Description
ALMOST 10% CAP RATE POTENTIAL! This cash-flowing multi-unit property consists of 1 vacant retail space on the main level (will be listed at $2,600/month) and 4 fully occupied residential units on the upper levels. The residential units consist of two 2 bedroom, 1 bathroom apartments and two 1 bedroom, 1 bathroom apartments. The apartments currently rent at $1,150/month, $1,100/month, $950/month, and $900/month. The 1,660 square foot main level retail space has been completed renovated (list of renovations completed uploaded into the MLS) and is perfect for your own business or simply a cash-flowing addition to your portfolio! Highlights of the expansive renovation include a newer roof (2019), new HVAC system, new hot water heater, new plumbing, new electric, new walls and ceilings, new windows, new bathroom and storage closets, new crown molding and decorative beams throughout, new paint, new oak shelving throughout, new LVP flooring combined with original wood restoration, extensive cleaning and sealing of the basement space, new rear cellar retaining wall, and so much more! Don't miss your chance to own the hottest new multi-unit property in town!
Description
ALMOST 10% CAP RATE POTENTIAL! This cash-flowing multi-unit property consists of 1 vacant retail space on the main level (will be listed at $2,600/month) and 4 fully occupied residential units on the upper levels. The residential units consist of two 2 bedroom, 1 bathroom apartments and two 1 bedroom, 1 bathroom apartments. The apartments currently rent at $1,150/month, $1,100/month, $950/month, and $900/month. The 1,660 square foot main level retail space has been completed renovated (list of renovations completed uploaded into the MLS) and is perfect for your own business or simply a cash-flowing addition to your portfolio! Highlights of the expansive renovation include a newer roof (2019), new HVAC system, new hot water heater, new plumbing, new electric, new walls and ceilings, new windows, new bathroom and storage closets, new crown molding and decorative beams throughout, new paint, new oak shelving throughout, new LVP flooring combined with original wood restoration, extensive cleaning and sealing of the basement space, new rear cellar retaining wall, and so much more! Don't miss your chance to own the hottest new multi-unit property in town!
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