Cash flowing twelve unit apartment building comprised of (3) two-bedroom, (4) one bedroom and (5) studio apartments; and is approximately 10,623 square feet on .16 acres on land. Heat and hot water are included in the rents, tenants are responsible for electric. The front half of the building is oil heat and the back half is electric baseboard, hot water is gas. All systems other than one boiler are less than 10 years old, new 400 amp electric, roof is eight years old, and all windows have been replaced. Coin-op laundry is available for tenants and provides great additional income. Buyers have the ability to acquire a multifamily asset with double digit returns in a market that is comprised of 60%+ renters. The new owner will have the ability to capitalize on the upside potential through raising the current below market rents, adding additional units, including a studio that is currently used for storage. Buyer potential to make 20%+ return on your investment!
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