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Description
CASH FLOW MACHINE RENTAL PROPERTY. ALL BRICK 7-UNIT APARTMENT BUILDING. GROSS RENT NEARLY $5,000 PER MONTH! 11% CAP RATE & RENTS COULD BE RAISED. THIS UNIQUE INVESTMENT PROPERTY HAS 4 LOFT STYLE UNITS ON THE 1ST FLOOR AND 3 APARTMENTS ON THE 2ND FLOOR. BONUS ADJOINING SECOND PARCEL INCLUDES ANOTHER 6,000 SQ FT OF LAND PLUS 2 CAR GARAGE WHICH ALSO PRODUCES INCOME FROM PARKING. UNITS HAVE INDIVIDUAL GAS AND ELECTRIC, TENANTS PAY. MANY UPGRADES: NEW ROOF IN 2020, SEVERAL UNITS WITH NEW WATER HEATERS, FURNACES, FLOORING AND WINDOWS. NO LAUNDRY ON SITE BUT THERE IS SPACE TO PUT IN YOUR OWN COIN-OP LAUNDRY ROOM IF DESIRED FOR EVEN MORE INCOME! FULL BASEMENT ALSO OFFERS ADDITIONAL SPACE AND OPPORTUNITIES FOR STORAGE INCOME OR OTHER POSSIBILITIES! RIGHT ACROSS FROM THE MODERN CONSTANCE LANE ELEMENTARY SCHOOL,THIS BUILDING IS IN AN UP AND COMING AREA OF THE CITY WITH ENDLESS POSSIBILITIES. TWO (RARELY) VACANT UNITS AVAILABLE FOR SHOWING, FULL BUILDING SHOWINGS TO BE SCHEDULED UPON AN ACCEPTED OFFER.
Location
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6 Beds
11 Baths
25,000 Sq ft
$29,999,995
MLS# MRD11707537
ACTIVE
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Based on information submitted to the MRED as of date and time shown below. All data is obtained from various
sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change
without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the
office/agent presenting the information. © 2022. http://www.mredllc.com/comms/resources/DMCA_Notice.pdf Updated: 31st March, 2023 5:21 AM (UTC)
sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change
without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the
office/agent presenting the information. © 2022. http://www.mredllc.com/comms/resources/DMCA_Notice.pdf Updated: 31st March, 2023 5:21 AM (UTC)
Attribution contact: 630-528-2300
Listing Office: Circle One Realty
