$360,000
MLS#: 1646834
- Type: Multi-family
- Lot Size: 0.16 Acres
- Year Built: 1923
- Square Feet: 5,070
Property Details
Well-maintained 6-unit multifamily consisting of six (6) 3-bedroom apartments, all fully occupied and generating consistent rental income. The larger unit layout supports strong tenant demand and long-term stability.
The property has benefited from recent improvements, including a flat roof approximately five years old, a new water heater, and electrical upgrades with all knob-and-tube wiring removed, enhancing safety and reducing near-term maintenance concerns.
Currently operating at an 11.5% cap rate with below market rents, this offering presents an excellent opportunity for investors seeking a stabilized, income-producing asset with major systems already addressed.
Property Listed by: Keller Williams Realty
Home Features
Below Grade Finished Area ±:
0
Above Grade Finished Area ±:
5070
Land Features
Electric:
Circuit Breakers
Map (approximate)