Description

SELLER FINANCING available on this 6 unit investment property! Desired terms: 6% interest, 5 year balloon, down payment of $190,000. Monthly payments with buyer to pay taxes/insurance separately. Open to lower rate with higher purchase price, and vice versa. 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 bills are $240. Property was gut-renovated in 2022 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, expires 10/31/2025. $875, expires 11/30/2025. $900, month to month. $750, month to month. $900, month to month. One unit currently vacant. Room to increase rents year over year. Two units are currently vacant and available to show. Photos courtesy of management company from last year. 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. Owner pays $2,147/yr for insurance.