Four unit apartment building available. 2 units were recently renovated and 2 units are in need of complete renovation. The property is being sold as-is and does need work. Apartment #3 is renovated and currently unoccupied. Apartment #4 was recently renovated and is currently tenant occupied. Apartment #2 & #1 had demolition started and remain in an unfinished state. The property includes three 1 bedroom units and one 2 bedroom unit. Each unit has it's own electric hot water heater, central air, central heating and is meter separately for electric. Water/sewer are common to the entire building. The property does include a large paved parking lot for 10 to 12 vehicles in the rear. The owner previously had the rear of the lot subdivided and a large detached garage was added to this property as well. The owner has relocated and no longer has interest in finishing the renovations to this building, which is why it's being sold as-is. Apartment #4 rents at $750 and Apartment #3 was previously rented at $675. Tenants pay all their own utilities except water/sewer. Once Apartment #1 & #2 are renovated we project the rents to be $675 for Apt 2 and $995 for Apt 1. The detached garage rents at $350 per month. Total projected income once the two remaining units are renovated would equal $41,340 annually. Lead paint inspections rental licenses are available for apt 3 & 4.
Listed By Century 21 Market Professionals
Listing By Century 21 Market Professionals
Data Last Updated 7:14AM - 10/24/2021
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which RE/MAX Results participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright© 2021 Bright MLS. All rights reserved.