Amazing property for investor or condo conversion. Current cap rate 6.6%! These 3 bed units can easily be turned into 4 beds. Unit 1 is now a 4 bedroom unit. Built in 2001 this building is impeccable. Vinyl siding, rubber roof, decks off the back, 3 parking spaces, hardwood floors, stainless steel appliances, granite countertops, and basement with 3 sets of washer/dryer hook-ups. Heat is gas, and the ability to add central ac is very easy! Private storage is built in basement. Literally nothing to do but sit back and collect rent. Dot Block is approved and ready to be built, so wait a year or 2 and convert to condos. Condo docs have already been written! Gain instant equity purely by virtue of location! Current rents are Unit 1-$2000, Unit 2-$1850, and Unit 3-$1884. Ability to raise rent is easy due to the great condition of the building!
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