What a great real estate investment. Turn key in a convenient location. Brick 2-unit with two one bedroom apartments with porches and balcony. Tenants pay electric and gas. Each apartment has its own gas hot water heater, gas furnace and central air. Lots of new items and upgrades. Shingle roof new in 2013. New second floor central air unit in 2021. Two gas furnaces and two hot water heaters new in 2007. Upgraded electric services. Off street parking. Washer and dryer hookups in basement. Nice level rear yard. Rental Income $15,300. Operating expenses of $6114 which includes Water $1271. Sewer $1659. Trash $415. Insurance $700 and Taxes $2069. Net operating income $9,186. Should be a 8%+ cap return. Presently a 5.7% cap rate of return. This will not last long. See agent remarks for showing instructions.
Courtesy of: RE/MAX Realty Associates Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 30th November, 2021 5:49 PM