Description
Major Renovation completed Dec 2018! 5.5 CAP! Gutted and remodeled- All units received all new kitchens with granite counters, soft close cabs, stainless Frigidaire appliances. Bathrooms with new tile, showers, vanities, fixtures. Hardwood floors refinished & gleaming, all windows vinyl double pane, all new paint, lighting, hardware, blinds. All units are 3beds 2 baths: 2 beds & 1 full bath on 1st floor, plus 1 legal bed 1 bath plus den and laundry/storage in each newly finished basement. All appliances, W/D included! All units received new furnaces, water heaters, and A/C! New electrical service drop, individually metered for gas & electric (common water). Units are finished as if one were flipping 400k homes, not apartment grade - and performing high as a result. Fully permitted & inspected. Priced at 5.5 CAP based on Sept 2020 YTD figures, self managed. Projected 6 CAP after small rent raises. Two units on Sec 8 - rent security! (3 units Sec 8 approved) One unit available for showing, inspect others upon contract, please do not alert tenants. Unit layouts and finishes all substantially the same, photos are from post remodel, prior to occupancy. Agent is member of owning entity. Seller to do 1031ex.
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0BEDS
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0.32ACRES
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0BATHS
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01/2 BATHS
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6,758SQFT
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$296$/SQFT
School Ratings & Info
Offered by Vip Real Estate Co.Description
Major Renovation completed Dec 2018! 5.5 CAP! Gutted and remodeled- All units received all new kitchens with granite counters, soft close cabs, stainless Frigidaire appliances. Bathrooms with new tile, showers, vanities, fixtures. Hardwood floors refinished & gleaming, all windows vinyl double pane, all new paint, lighting, hardware, blinds. All units are 3beds 2 baths: 2 beds & 1 full bath on 1st floor, plus 1 legal bed 1 bath plus den and laundry/storage in each newly finished basement. All appliances, W/D included! All units received new furnaces, water heaters, and A/C! New electrical service drop, individually metered for gas & electric (common water). Units are finished as if one were flipping 400k homes, not apartment grade - and performing high as a result. Fully permitted & inspected. Priced at 5.5 CAP based on Sept 2020 YTD figures, self managed. Projected 6 CAP after small rent raises. Two units on Sec 8 - rent security! (3 units Sec 8 approved) One unit available for showing, inspect others upon contract, please do not alert tenants. Unit layouts and finishes all substantially the same, photos are from post remodel, prior to occupancy. Agent is member of owning entity. Seller to do 1031ex.
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