Attention investors, here is the solid return you have been searching for. This is a centrally located, legal four plex consisting of 2-2 bedroom and 2- 1 bedroom units. The larger units have had extensive renovations completed on them along with upgrades to the furnace (2018) and metal roof ( 2020). This building currently generates $61,800 in gross income per year providing a net operating income of almost $43,000 a year. That's over a 7% cap rate. There is lots of room for rent increases as some tenants leave. This is a very well maintained building that would make an impressive addition to any investment portfolio. (id:47421)
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Detailed Information
Lot
40.25 x 117 ft
Features
Irregular lot size
Listing Contract Date
2025-02-27
Location Description
Cassells St & Fifth Ave West
# of Parking Spaces
2
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
R3
Business
Business Type
Residential
Business Subtype
Apartments
Building
Appliances
Dryer, Refrigerator, Stove, Washer
Heating Fuel
Natural gas
Heating Type
Other
Type
Multi-Family
Utility Water
Municipal water
Land
Total Size
40.25 x 117 FT
Size of Irregular Land
40.25 x 117 FT
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