Property Information 8 COLEMAN STREET
- Zip Code02125
- TypeMulti Family
- Sq. Ft.2, 886.00
- Garage Space0
- SewerCity/Town Sewer
- Year Built1900
- Estimated Taxes$4, 089
ANY SAVVY INVESTOR KNOWS THAT ACTUAL INCOME BEATS POSSIBLE INCOME EVERY DAY OF THE WEEK. WHILE THIS BUILDING GENERATES $3807 A MONTH ONLY $121 OF THAT OR 3.18% IS PAID BY THE TENANT (UNIT 3'S PORTION AND SHES NEVER BEEN LATE IN 5+ YEARS) SO YOU WALK INTO THIS BUILDING KNOWING THAT YOUR GROSS INCOME IS $3807 EVERY MONTH. ALL TENANTS PAY THEIR OWN UTILITIES AND UNIT 3 IS A SEC 8 TENANT WHILE UNITS 1 AND 2 ARE RENTED TO A GREAT NON PROFIT AND THIS BUILDING HAS ZERO MAINTENANCE REQUESTS OR ISSUES. SO NOT ONLY DO YOU KNOW THAT YOUR GETTING THE FULL $3807 EVERY MONTH BUT YOU ALSO CAN WALK IN KNOWING YOU WONT BE SPENDING BASICALLY ANY OF THAT ONB TENANT REQUESTED OR CAUSED MAINTENANCE RELATED REPAIRS. THIS ONE IS A NO BRAINER BECAUSE ITS AS RISK FREE AS AN INVESTMENT PROPERTY IN THIS AREA GETS, IT GENERATES WHAT IT GENERATES, NO SPECULATION OR FANCY FORMULAS NEEDED - $3807 A MONTH EVERY MONTH
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Listing courtesy of: Benjamin Virga, Bridgestone Properties, LLC