This turnkey 6 family investment is the type of opportunity that only comes up once in a decade. Currently set up as four 2 bedroom/2 bathroom units; one 1 bedroom/1 bathroom unit; and one 2 bedroom/2 bathroom duplex with expansion room and laundry. This building has undergone substantial renovations and is on auto-pilot as a cash-flowing property. Three out of the six units have been gut renovated, with an opportunity to add value as the other three units become available. Five of the units are occupied, with the large 2 bedroom/2 bathroom duplex being used as an owner unit, that can easily be rented out as well. Hallways and stairs were updated. All electrical meters were updated with 6 units + PLP. All gas meters have also been updated with 6 units + PLP. All tenants pay for their own cooking gas, electric, and cable/internet. Landlord provides heat and hot water. Gas boiler is serviced annually and is running in tip-top shape. Lot size is 25' x 108.33'. Building is built as 20' x 60'. There is a large yard and shared driveway. Income and Expense sheet can be provided upon request. This opportunity will not last. Currently setup to net approximately $83,000-$85,000 annually, with an opportunity to increase.
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.
