Property Information Address Undisclosed
- Zip Code02126
- TypeMulti Family
- Sq. Ft.20, 502.00
- Parking Off-Street, Assigned, Paved Driveway
- Garage Space3
- SewerCity/Town Sewer
- Year Built2005
- Estimated Taxes$29, 071
Attention Investors: Turnkey, 100% leased condo-quality 13 unit apartment complex built in 2005! Property features 65 rooms, 39 bedrooms, 28 bathrooms, 3 garages and 11 parking spots total. Many rents below market so lot’s of upside for next owner. Property consists of 2 adjacent buildings, (5 units & 8 units) All units are 3 bedrooms,1.5 to 2.5 baths, approximately 1500 Sq. ft. with granite countertops, stainless appliances, washer dryer hookup, central A/C. Nothing needed! Individually metered gas heat and electric for each unit. Live-in super with 6 month lease will stay on if desired. Buildings built 2005 so they are lead-paint free! Exteriors brick & vinyl siding with flat rubber roofs. New owner has nice flexibility as a buy & hold or potential condo flip. Current annual income $301,000! Approx. NOI $204,000! Current cap rate @ 7.3% with 9% potential. Fully rented and renovated with a live-in manager so just sit back and collect the rents!
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Listing courtesy of: Laurence Tamkin, Tamkin Real Estate