Calling all investors or future owner occupants! This unique offering with 10-11% pro forma CAP includes a 3-unit building plus a detached 2-car garage with a 4th, legal additional unit above. Current rents have been kept at below market rents. This value-add opportunity allows a new owner to increase their ROI with some simple moves including reduction in yearly expenses (installing LED fixtures, water-saving methods), as well as increasing their income potential with some light refreshing of units as well as the flexibility of current month-to-month occupancy in each unit. Also the large 2-car garage adds to the opportunity of additional future income. Located in a convenient location to many amenities, not a densely packed road (no neighbors directly across the street), and some off-street parking plus some yard space are all benefits for tenants. Benefits for the landlord include units having some miscellaneous upgrades throughout the years, NEW MECHANICALS in the past few years, as well as separately metered and tenant paid gas for heat and separately metered, tenant-paid electric (plus owner's meter). This will be a great additional to an existing portfolio, or a great place to start one. Inquire today and let the cash flow!
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