Description

6-Unit turnkey investment property! Four of the units are 2 bed/1 bath and two units are 1 bed/1 bath. All electric (no gas) with 6 separate electric meters. Owner pays for water only- Average $242 over the last 7 months. Property was gut-renovated in 2022 by previous owner with ~300k in capital expenditures (new rubberized flat roof, new PVC plumbing, new electrical, 6 new water heaters. New windows were installed in 2021.) All kitchen appliances and newer window air units are also included. Shared coin laundry units in basement are included and bring in average $98/month in income. On-street parking. Current leases: $900/month, $1,300 deposit, expires 2/28/2025. $900/month, $900 deposit, expires 10/31/2024. $900/month, $1,300 deposit, expires 12/31/2024. $750/month, $700 deposit, expires 8/31/2024. Current leases and rent roll attached in supplements. Room to increase rents year over year. Two units are currently vacant and available to show. Photos courtesy of management company, current as of 8/14/2024. Water heaters/panels/etc are in unfinished basement area. Coin operated washer/dryers are in basement common area. Owner pays $40 every two weeks for lawn care. See full listing info under commercial listing, BLC#21995747.