Welcome to 815 Main Street! This spacious 4-unit property features hardwood floors, electric heating, a detached 2-car garage, and two bedrooms in each unit. Each unit also includes laundry hook-ups, and the property comes with a full basement for additional storage. The rental income is impressive, with Unit C renting for $675 to a long-term tenant of 30 years, Unit D at $1,200, Unit B set to rent for $1,500 starting January 1st, and Unit A, currently owner-occupied, also at $1,500. This brings the approximate annual rental income to $58,500. Expenses are estimated at $3,500 for insurance, $1,710 for water and sewer, and $3,326 for taxes, totaling approximately $8,536 annually. With these expenses accounted for, the propertys net income is estimated at $49,964 per year. This building offers excellent financial potential. While some upgrades are needed, the numbers make it a worthwhile investment. Please note, the property is being sold ""as is, where is"" on closing, and no disclosure will be provided. (id:47421)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Equipment
Water Heater
Features
Level lot
Municipal ID
15175763
Ownership Type
Freehold
Property Type
Multi-family
Rental Equipment
Water Heater
Transaction Type
For sale
Building
Appliances
Refrigerator, Stove
Constructed Date
1926
Exterior Finish
Vinyl
Flooring Type
Ceramic, Wood
Foundation Type
Concrete
Heating Fuel
Electric
Heating Type
Baseboard heaters
Stories Total
2
Total Finished Area
4000 sqft
Type
Fourplex
Utility Water
Municipal water
Land
Total Size
13627 square feet
Access Type
Year-round access
Landscape Features
Landscaped
Sewer
Municipal sewage system
Size of Irregular Land
13627
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