Converted 3 unit apartment building, formerly a long standing Bank. Downstairs has a spacious 3 bedroom apt, heated by OHW baseboard, and does include a gem of a walk in. Upstairs has (2) 2 bedroom units heated by electric baseboard. Each of the units have separate electric with upgraded panel boxes and outside meters, as well as 2 way ingress/egress. Large basement. Owner pays Trash, Water, Taxes. Tenants pay Electric and Sewer. Net income of 17-18k with room to take that number higher. Always full occupancy. Also included is a 3 vehicle carport and a 12+/- car parking lot. Property is located in Flood zone AE. According to Warren Buffet and other billionaires, multi-units are among the best long -term investments one can buy right now.
* This payment calculator is intended for educational and planning purposes only. ** Assumes 7.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
Information is supplied by seller and other third parties and has not been verified. All information provided is deemed reliable but is not guaranteed. All properties are subject to prior sale or withdrawal. Data may not be reproduced or redistributed and may not be used for any purpose other than consumers’ personal, non-commercial use. Copyright
2023 BRIGHT MLS – All Rights Reserved.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.
