PROOF OF FUNDS REQUIRED PRIOR TO SHOWING PROPERTY OR ANY FURTHER INFORMATION!!! THIS PROPERTY IS LISTED TO SELL AS IS, THE PRICE IS LOWERED WITH THE REPAIRS DEDUCTED 4 Unit Apartment bldg, with the potential of being a 6 unit. The entire first floor is finished and framed out (2,870 s.f.) but will need all other work done to complete 2 units. Units 1, 2, and 3 are all 1 bd, on the 2nd floor and are 610 s.f. , unit 4 is on the 3rd floor and is a large 2 bd 1,012 s.f. Basement is unfinished. Unit 1: Occupied, renovated Feb 2023, avg. size living room, eat in kitchen large bedroom, bathroom off of bedroom. tenant pays electric (heat/lights) and water. Current Rent: $700/month Unit 2: Occupied, needs some updating, open concept large bedroom w/ closet Tenants pays electric . $750/month Unit 3: Vacant. Open concept, large bedroom. Unit 4: Occupied Large 2 bd. w/d hookup Tenant pays electric Landlord pays sewer ($1,280/yr.) Water for units 2 & 4 (approx. $1,200/yr) , Common Use electric (Hallways, stairwells) approx. $240/yr. All expenses including insurance (approx: $530/yr.) and taxes ( approx. $2,889/yr) come to a total of approx. $6,139 Total Income $3,050/mon- $36,600/yr. Yearly Profit: $30,461 The building does have a slight tilt due to a prior bldg. attachment , the foundation is solid and has been shored up. The removal of the old bldg. and the foundation work done prevents the building from and further leaning. **PHOTOS DO NOT SHOW ANY RENOVATIONS**
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.
