Very large Victorian all brick Semi-detached 3 unit in good condition overall and fully rented. Unit 1, 1st floor has 4 rooms, 2 BRS, electric baseboard heat, electric hot water, electric range/oven, 1 year section 8 tenant, $675/month. Unit 2, 2nd floor has 4 rms, 2 BRS, elec. baseboard heat, elec. hot water, gas range/oven, 1 yr tenant, rented for $700/month. Unit 3, 3flr, an efficiency/studio, elec. baseboard heat, elec. hot water, gas range/oven, covered 2nd flr balcony, 5 yr tenant, rented for 430 month. Covered front porch. Covered 2nnd floor balcony. Rear patio. Hardwired smoke detectors. Off street parking for 2 cars. Total Annual Income: $21,660. Total Expenses: $6,886. Net Income: $14,774. CAP RATE: 12%. Expenses breakdown: Taxes: $2,246. Insurance: $1,500. W/S/T/R: $2,620. Owner's Electric: $420. Permits: $100. Located near the Centre Park Historic District. Stable building with long-term tenants. Excellent cash flow! A must have for your investment portfolio!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
