Great building on corner lot. Priced at less than $27 per square foot!! Only 1/2 block from Sacred Heart Hospital and minutes away from the PPL Arena and all the new Hamilton St development! Excellent investor opportunity. Units consist of 2 - 2 bedroom/1 bath apartments, and 1 - 1 bedroom/1 bath apartment. Large units, parking in rear enough for 4 vehicles! Home will need some work but no major rehab. Property is sold AS-IS. Market comparables put the after repair value of this property between 125-135k. But the equity you'll have isn't as exciting as the cash flow -- Total rents should come in at between $2000-$2300/Month! At only $2000/month your at over a 20% cap rate!! Cash transaction at 87k, buyer to pay closing costs, seller selects title company/closing agent. Hard/private money funding and conventional financing permitted at 90k with 35% down. Seller financing available at $105,000 with 50% down. Contact us today to get this great investments opportunity under contract!!
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