Great investment opportunity! 3 BR up/2 BR dwn. Operating expenses of $3508 includes gas/water/garbage. Current rents CAP RATE approximately 12.4%. Potential market rents 950 up/800 dwn puts CAP RATE at approx 16%. Owner pays heat, water and garbage. Tenant pays electric. Property went through county lead abatement. 800 Sq Ft BONUS BUILDING IN REAR. Currently being used as storage however it was once used as a third unit. Has a separate breaker box, and utilities. Do to current zoning regulations this building can never be rented separately, however, there are tons of possibilities! Second floor unit currently under lease, once carpet is installed tenant will move in.
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.
