Description
The property consists of two adjacent, three-story, three family buildings containing six units with (4) 4-Bedroom/1.5-Bathroom units and (2) 3-Bedroom/1.5 Bathroom units. The Property is fully occupied and has undergone extensive renovations and features condo quality finishes including new kitchens and bathrooms with modern amenities, new forced hot air heating and central air conditioning systems in all units, upgraded electrical service and luxury, vinyl plank flooring throughout. Building amenities include dishwashers and laundry in all units, rear decks, off-street parking and oversized backyard which creates incredible outdoor space for tenants in an urban-infill location. The opportunity exists to increase the parking on the property by converting the backyard space into a parking area. Additionally, all leases currently expire 8/31/22. 5 of 6 units have been renewed or leased for 9/1/22– 8/31/23. 5.4% Cap Rate at Renewal Rates. Showing Thursday, 4/28 by APPT. only.
Location
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