Overview
The subject property is a Two Stories, 4 Family Building with (3) Large 3 Bedroom Apartments and (1) Two Bedroom Apartment, Spread over 3, 520 interioer Square Feet. All 4 Apartments Have been Fully Gut Renovated With New Kitchen, New Bath, New Plumbing and New Electric, in Excellent Condition. The Basement has a Separate Entrance From The Front of the Building an Can Be Rented For Storage To a Plumber or Carpenter, Or Office Work, Basement is 1, 760 Sqft. All Apartments Are Rented. It Has a Large Building Size 22 X 80 Ft. The Tenants Pay For All Their Utilities, Including Heat, Cooking Gas, And Electric, This Building Provides high Income with Very Low Expenses, Excellent Investment Asset. Close to Public Transportation, Many Stores and Houses of Wohrship and Schools Income is as Follows: Apt 1F $2, 555 Apt 1R $3, 214 Apt 2R $3, 214 Apt 2F $3, 214 Basement $1, 500 Annual Gross Income 164, 164 Water $3000 Insurance $3, 500 Electric $500 Tax $9, 484 Annual Net Income $147, 880 Cap Rate 11.49%