Handyman special! Units need work but when it's fully optimized this property can generate some seriouscash flow. There are two buildings. The main building has three units. Unit one is a 2 bedroom, 2 bathroom apartment that needs to be fully renovated. It is not rentable. Partially gutted. Unit two is a 3 bedroom, 1 bathroom apartment rented for $750/month. Tenant pays utilities and agreement is month to month. Unit three is a 1 bedroom, 1 bathroom apartment occupied by a caretaker. Utilities in the basement. Bonus storage area. The second building has been fully gutted due to a fire about a year ago. It is ready to be rebuilt. It is set up to be a 5 bedroom and 1 bath house with a two car garage. Bring your vision and your tools and turn this property into a cash cow, or flip it for a quick profit. At least 48 hours notice required for showings.
R1532863
Single Family, Multi-Family, 2 Story
11
Otsego
4 Full
1900
0.49
Acres
Connected,Public
2
Wood
Septic Tank
3,752
Sq. Ft.
Yes
- 1
space
School Information
Morris
Bathrooms
4
Total:4
Interior Features
- Appliances
- Electric Water Heater
- Flooring
- Tile, Laminate, Varies
- Heating
- Gas Heat, Electric Heating, Oil. Forced Air, Baseboard.
- Basement
- Partial
Exterior / Lot Features
- Parking
- 1 Garage Spaces. 1 Parking Spaces. 0 Covered Parking Spaces. Gravel.
- Exterior
- Wood
- Roof
- Metal, Asphalt
- Lot Dimensions
- 120x250
- Structural Condition
- Resale,Fixer
Financial Considerations
221.18-1-1
$5,306
Cash
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