Opportunity to own a three-family investment with 11.5% CAP rate and $18k + NOI. Property is updated with some replacement windows and various unit updates throughout, including hardwood floors and updated kitchens and bathrooms. There are large, (2 3 bed/1 bath units and the 3rd floor is a 2 bed/1 bath unit. The utilities are separate and tenant paid - 1st and 2nd fl are gas H&HW, 3rd fl is electric H&HW. The electrical is updated to circuit breakers - there is no owner's panel. There is a 4-car, detached garage behind the property. Potential for value add - increase rents + rent garages out - 15% CAP proforma. Great opportunity for someone looking to start their portfolio or add on. Invest or owner occupy. This can also be purchased as part of a larger portfolio - ask for details.
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