The first floor unit is 2BR and 1BA with central air conditioning, thermostat shared with the heating system. The second bedroom is small with a separate gas-fired furnace vented to the roof that has not been used in several years; it's cooled via a window air conditioning unit. It rents for 700/month; the current tenant has been there for 8 years and pays month to month.
The second floor unit is 1BR and 1BA with a bonus room/office, is heated with a gravity flow furnace and cooled with window air conditioning units. The most recent tenant moved out on April 1 after a four year stay. He was paying 675/month; the current owners made cosmetic improvements and new tenant is moving in mid-August paying $795/month. The photos attached are of the second floor unit.
The current owners have permanently relocated out of state and are no longer interested in long-distance residential investment properties in their portfolio, and they are ready to sell. Property survey is available as is a feasibility study for building on the side lot. Current insurance is $1714/year and property taxes are $1250/year; 9.38% Cap Rate and gross rent multiplier of 87: the numbers add up to make this an excellent investment property in a desirable neighborhood.
Please email or call or get more information and set up a time for viewing. Do not disturb first floor tenant.
- Lot: 4,748 sqft
- Multi Family
- Built in 1905
- Cooling: Central, Other
- Heating: Forced air
- Last sold: Oct 2014 for $110,000
- Price/sqft: $50
- Fenced Yard
- Parking: Off street
- Range / Oven
- Exterior material: Wood
- Roof type: Other
- # Stories: 2.0
- Structure type: Other
- Unit count: 2
- Floor size: 2,179 sqft
- Last remodel year: 2004
- Lot width: 60
- Parcel #: 56060000300
- Zillow Home ID: 3009216
The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table
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