Great investment property! Building features six apartments and two commercial spaces that are fully rented. Property is well maintained and has potential for long term growth. Rents: Unit 1B $1,500/mo.; Unit 2 $1,225/mo.; Unit 3 $1,400/mo.; Unit 4 $1,075/mo.; Unit 5 $1,500/mo.; Unit 6 $1,175/mo.; Comm. Unit 88 $575/mo.; Comm. Unit 90 $1,000/mo. SQFT: Unit 1B - 600; Unit 2 - 600; Unit 3 - 900 ; Unit 4 - 600; Unit 5 - 600; Unit 6 - 450; Comm. Unit 88 - 400; Comm. Unit 90 - 900. Opportunity to increase rents to market rate. Cap rate 6.59%. Gross Annual Income: $113,400. Operating Expenses: $37,460, Net Operating Income: $75,940.
3782444
Mixed Use, Other
Essex
1906
0.15
Acres
Public
2
Vinyl Siding
Public Sewer
6,400
Sq. Ft.
8 Total
Interior Features
- Heating
- Gas Heat, Oil. .
- Basement
- Unfinished
- Security
- Smoke Detector(s)
Exterior / Lot Features
- Parking
- Off Street.
- Exterior
- Vinyl
- Roof
- Asphalt
- Zoning
- B-2
- Additional Exterior/Lot Features
- Irregular Lot.
Community Features
- Security Features
- Smoke Detector(s)
- Complex Features
- Smoke Detector(s)
Financial Considerations
Fee Simple
1602-00811-0000-00057-0000-
$16,118
Arrows indicate 90 day trend
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