Building for Sale - 35 year Tax Abatement Owner/ Seller Financing Available! New Construction - 37 Units ( 19 One Bedrooms, 16 Two Bedrooms & 2 Studios) 12 Parking Spots ($250 a month each) Zoning - R7-1 Tenants Pay for Electricity and Base Board Heating Annual Income: Residential Rent - $910,860 Parking Spots - $36,000 ($250 a spot monthly) Washer & Dryer - $16,800 Annual Expenses: Property Taxes - $6,311 (421a Tax Abatement, 35 years) Gas & Hot Water -$28,000 Electric - $4,000 Insurance - $15,000 Water & Sewer - $26,000 Elevator Maintenance - $10,000 Mgmt fee - $30,000 Financial Summary: Gross Income- $963,660 Total Expenses- $119,311 Net Operating Income - $844,349
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.
