INSTANT MONEY MAKER!!! This 6 unit apartment building has been partially rehabbed, well maintained, and tenant occupied - the sellers did all of the work for you, now it's time to collect income! All 6 units are 2 bed 1 bath. Sellers have completely rehabbed 3 of the 6 units (torn to studs). Replaced copper plumbing with pex, kitchens, windows where necessary, electrical where necessary, luxury vinyl planks in kitchens, new carpet in hallways and bedrooms and living rooms, fresh paint, etc'¦) Sellers have updated and repaired partial areas of the other 3 units while current tenants have occupied the units. A new roof is on the entire building, replaced gutters and downspouts, replace water heaters, serviced and repaired boiler, replaced thermostat, replaced main sewer clean out 3' PVC pipe that was leaking in basement, and other exterior / siding improvements. Current rents total $4,585 per month, and have room to be raised. Units 1,3 & 6 are completely rehabbed. $830 per month covers all overhead (taxes, sewer, trash, insurance, no water bill as its well water). Taxes are $4960 per year for the whole building, sewer is $2,300 annually, trash is $1,600 and change, and insurance is $1,050 per year.
|--||New Value: $394,900|
|12/16/2021 6:41:34 PM||New Value: ACTIVE UNDER CONTRACT|
|12/6/2021 8:13:00 PM||New Value: $394,900|