Great deal! Solid brick building, 5-family + store. Can be delivered vacant, but currently a very high rent roll of $11,500 monthly, with low expenses. Beautiful apartments recently renovated (granite & solid hardwood throughout). Highly desirable area close to public transit, so apartments are easy to rent. $115,000 net income with a 5.4% Cap Rate.
Great deal! Solid brick building, 5-family + store. Can be delivered vacant, but currently a very high rent roll of $11,500 monthly, with low expenses. Beautiful apartments recently renovated (granite & solid hardwood throughout). Highly desirable area close to public transit, so apartments are easy to rent. $115,000 net income with a 5.4% Cap Rate.
Listing Courtesy of Neuhaus Realty Inc.