- Zip Code01040
- TypeMulti Family
- Sq. Ft.17, 588
- Exterior FeaturesPorch, Fenced Yard
- Garage Space0
- SewerCity/Town Sewer
- Year Built1910
- Estimated Taxes$9, 127
Talk about CASH COWS, to be sold with 263 Elm Street. The list price for both is 1,675,000 and the cap rate is great at 11.12. Total combined monthly rents are a whopping 22,405. Gross income annually is 268,860. The net income combined for these 2 blocks is 186,381.06, a dynamite annual income!!! There is a laundry mat in the basement for added income. The back is fenced in at the alley way. Some work will be done to the back porches as the Seller hired an engineer to insure the porches would be in even better condition. These repairs will be done in March, not major work. The store has a lease of 1050 will go up 50 a year for the next 4 years as per lease. Many of the rents can be raised which would give an even higher cap rate. A very clean building inside and out. I don't think these combined blocks will be on the marker very long as they are truly cash cows combined!!! MUST HAVE LENDER PREAPPROVAL OR PROOF OF CASH IF A TOTAL CASH DEAL TO VIEW.
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Listing courtesy of: Donna Taylor, Keller Williams Realty