Here's an opportunity to own a multi-family unit in an increasingly competitive high return investment area. The units do need some work but they are full, and the tenants are happy. Some have been there five-six years and one for fifteen years. The current rental rates are well below market for the area. With improvements, this 5 unit grosses $43,200 annually. The units have large rooms, heat pumps, insulated windows, and open floor plans. The front steps were just completed. There are some new hot water tanks and one new heat pump. Finding these multi-family units are becoming difficult.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
