Opportunity Knocks! Renovated 3 family building. Large units had been renovated originally , then re-renovated and upgraded over the years of single landlord ownership. All apartments are in excellent shape and ready to condo convert or rent. Well maintained building is professionally cleaned monthly. Ground floor Apt #1 is a 4 bedroom /2 bath with private backyard access. 2020 pre-covid & current rent: -1st floor Apt#1 is a 4BR/2bath w/private yard. $3500.OCCUPIED 2020 non-covid market rent was $4000 -2nd floor Apt#2 is a 3br/1bath. The 2020 market non-covid rent $3350-NOW VACANT -3rd floor apt #3 is a 3Br/1bath. The 2020 market non-covid rent :$3000 (was family member occupied)-NOW VACANT Potential for higher rents in future. All units now vacant, but active for re-rental on market. Building may be able to be delivered completely vacate. Large Lot provides a excellent opportunity for knockdown/new building development or condo conversion redevelopment. Cap Rate 5.8% Owner is Licensed RE.
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