**Huge Upside Opportunity- High End Gut Renovated 3 Unit Multifamily on Hamilton Height's Best Block**
Fully Occupied with Lease Expirations This Year- 5-6% Cap Rate Projection with New Market Rents
This Architectural Masterpiece features 3 Ultra Modern Rental Units, featuring Washer/Dryers, Split HVAC Central Air, and Stainless Steel Condo Grade Finishes.
Each Unit Features Outdoor Space- Ground Level has a Huge Backyard, 2 Upper Units feature Balconies.
#1- 4 Bed/3.5 Bath. Current Rent- $5000/month
Projected Monthly Rent: $6500
#2- 2 Bed/2 Bath + Home Office. Current Rent- $3200/month
Projected Monthly Rent: $3800
Potential to Convert to 3 Bedroom: $4200
#3- 2 Bed/2 Bath + Home Office. Current Rent- $3200/month
Projected Monthly Rent: $3800
Potential to Convert to 3 Bedroom: $4200
Current Annual: $136,800
Projected Annual as is: $169,200
Projected Annual with Conversions: $178,800
Low Monthly Taxes and Maintenance Costs. Tenants Pay for Electricity, only Water covered by Owner.
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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