Located on Belair Rd inside the city/county line, this mixed use three story home has two apartment units and ground level commercial unit. Property has good bones and some needs work. Consist of 1st floor unit with 1-2 bedroom. 2nd floor is a 2 bedroom unit. Entrances and electric separate (1 boiler). Has a 2 car garage, off street parking, gated driveway and a large secluded fenced yard. Zoned 0B022.Let's run the numbers!Unit #1 commercial potential rent $1000Unit #2 1-2 Beds potential rent $850Unit #3 2 beds potential rent $850Garage #1 potential rent $50Garage #2 potential rent $50Total potential rent $2,800 per month / $33,600 per year $33,600 income$4,091 taxes$1,200 insurance est.$7,000 utilities est.$20,109 Net income est. * capitalized at 10% = value $201,109Offering at $70,000 obo. Cash offers only.
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