6-plex /This strong structure was built to provide a stress free investment. Built with shiplap exterior covered with siding & brick . The interior is panel so you never have to worry about cracks in the wall. The original solid wood cabinets have both durability & vintage style. Upstairs units have beautiful hardwood floors original to the building that have been refinished over the years. Downstairs are tile. The current rent is far below the current rent in this dramatically changing neighborhood. A few cosmetic updates you can double the current income. All the major issues have been addressed by the owner. Purchased in 1978 this hands on landlord didn’t wast an opportunity. As lead pipes aged and needed repair he replaced with PVC eliminating any future problems. The electrical supply has been replaced with newer insurance approved equipment. Owner is ready to retire. All 6 apartments are 2-1 metered separate electrical that tenants pay. The water is paid by owner. The water heater is gas and owner pays. 1 of the apts has central air this shows you it can easily be done. The two end apartments are larger due to the exterior stairs. This added additional 50sq. ft. of living space. The same can be accomplished for the one remaining interior staircase adding to the size of two more apartments. This also eliminates the need for stairs way code requirements. The property taxes have been protested by O’Conner & associates for over 13 years keeping the taxes low. Owner has been leasing the property to low income people mostly on fixed incomes. If owner could live forever he wouldn’t sell this valuable asset.
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