Turn-Key, 5 unit, fully rented, automated electronic rents, and offering the HIGHEST MONTHLY RENT PER UNIT (18% higher) compared to the average of all other comparable MLS listed properties in the area. This property averages $780 per month, per unit, verses an average of only $643 per month for others, resulting in a high NOI & ROI. Tenants pays all utilities: electric, heat, water & sewer (all separate meters). All rents are paid via stress-free automated Electronic Payment, 4 units are tenant paid, and one is HUD paid via section 8. 2 of 5 tenants pay bi-weekly resulting in even higher rents. Landlord pays the trash collection fee. High efficiency LED lighting in exterior and interior common areas further enhance NOI. Well maintained, exceptional condition, Exterior stucco redone in 2004, aluminum cladding & new rain gutters 2004. Vinyl replacement windows. Chimney recently re-done. All units received either updated kitchens, floors, baths, or all, starting in 2002 to present, including lots of ceramic tile & vinyl flooring selected for its durability & ease of cleaning. This massive 6,380 SF twin is deeded as one parcel, and the original twin design allowed for a logically organized multiple apartment layout without being all chopped up. The left twin is configured with a secure common foyer, serving a ground level unit with 1Br, 1Bth (photos w ceramic tile flooring), 2nd level unit with 1Br, 1Bth (photos w newer oak kit, dark kit flooring, tan carpet) and 3rd level unit boasting 3Br & 1Bth (no photos avail at this time), while the right twin offers a private entrance main level unit w 2Br, 1Bth (photos w white kit cabinets, tan sectional, accent rug), plus an upper level unit w private entrance, 2Br & 1Bth (no photos at this time). Sought after by tenants for its 5 off street parking spaces, large yard, and a low-traffic section of Harmony St. between 4th & 5th Ave, offering additional handy on street parking. This original Coates Family farmhouse is steeped in history with the gorgeous Genesis A.M.E. Zion Church located half a block away, across from the New Life Educational Center, on the corner of Harmony & 5th Ave. The maintenance records for the previous year indicate $11,520, including upgrades, future cost determined by future owner, Maint is not included in the cap rate. Commercial Mortgage Pre-approval Letter or reasonable POF prior to showing, 3 day showing notice required, Listing agent present for showings, group showings when possible
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