8.35% Cap Rate; 5.87 GRM: Exceptionally maintained, professionally managed and recently restored brick/stone 8 Family in the Martin Drive neighborhood with 100% occupancy. The (4) large two beds, (1) one bed, and (3) studio units have heat, leaded glass windows, ornate woodwork, some tile bath surrounds and 6 garaged and 3 outside/off-street parking spaces. Some of the $184k+ in updates include: rubber roof, computer controlled boiler, electric, gutters, skylight, storm windows, appliances (some stainless), lighting, fixtures, keyless entry, carpeting/laminate/tile/refinished wood flooring, and 4 coin laundry machines (included). Also selling nearby 4 family: 1821 N. 47th St. Will consider a package deal. Properties being sold to participate in a 1031 Exchange; owner financing not available. $414,900. 2.4% to buyers agent.
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