Beautifully maintained, 5 family investment property located within a short walk to downtown Ashland and just 1 mile from the commuter rail station. This property generates $80K income per year, and yields an impressive 6.4% CAP rate. There are 2 buildings on the property. The main house in the front has 4 units (1 x 3BR, 2 x 2BR, 1 x 1BR) and a very cute carriage house in the rear creates the 5th unit (1BR). All units are fully rented and occupancy rate has averaged 97-98% every year. All the heavy lifting is done with $140K of capital improvements in the last 5 years. 2016 - high efficiency Viessman boiler with 5 zones and densepack insulation. 2017 - vinyl siding and new gutters. 2018 - new asphalt driveway with 10 space parking lot. 2019 - new asphalt roof. All units are well maintained, some with original hardwood floors, some with carpet. Coin op laundry in basement for additional income.
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