Slavic Village 3-unit rental property perfect add to any portfolio. Full occupancy, earn cash flow from day 1 generating $23,100/yr rental income (self-pay tenants). Expenses approx. $7,000/yr, CAP RATE 12% Many updates to each unit. Back Lower Unit - $475/month, 1 bed 1 bath, new plumbing, drain, bath fixtures, paint carpet. Front Lower Unit - $650/month, 2 beds 1 bath, LVT flooring throughout, paint, carpet, newer bath. Upper Unit - $800/month, 2 bed 1 bath, paint, tiled shower, access to third floor "den" not a bedroom and attic. Basement structurally sound, support posts replaced, many sistered joists, one newer furnace and new hot water tanks x3, coin washer/dryer will stay. Roof estimated 2011. No wholesaling or seller financing, straight sale only.
Listing Courtesy of: Jeffrey C Longo, j.longo@kw.com With Keller Williams Greater Metropolitan
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