Great investment opportunity! 72x45 6480 sqft building over 7500sqft lot. Zoned R5 with R3A overlay. 8-unit property, currently set up as 4 2-storied attached buildings, each with a 2-bed 1-bath over 2-bed 1-bath layout, plus a basement. Each unit has a large living room in the front, kitchen and bathroom in the middle and 2 large bedrooms side by side in the back. Super on site. 2 units are vacant. Great layout and condition. Monthly gross of $14,576 with a lot of room to increase. All tenants pay their own utilities. Cap rate currently at 7% with potential to increase up to 8%. 5 mins to the ferry and shopping outlet. Huge potential in an up-and-coming development area. Call today to find out more detail!
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