EXCELLENT RARE OPPORTUNITY!!! Two houses on .45 acre property, including one 3-family and one 2-family. 4 apartments are currently tenant occupied. Owner's apartment is a 2/3-bedroom, 1.1 bath first floor residence shown in the photos. All units include separate utilities, washer/dryer hookups and ample parking. Front house was originally built in 1921. Rear house was converted to 2-family in 2014. Apartments are in great condition with updated kitchens. Unit 1 (1st fl) has 2/3 beds, 1.1 baths with laundry in basement. Unit 2 (2nd fl) has 1 bed, 1 bath with access to attic. Unit 3 (1st and 2nd fl) has 2 beds, 1 bath with laundry in basement. Rear house apartments are 10 years old with hardwood floors, central AC and laundry in units. Front house has basement under Unit 1 that is finished, but needs to be renovated. Investors and developers are welcome to inquire. Complete brochure with specs on all apartments (including photos), attic, basements, current/projected rent roll and valuation analysis is available to qualified buyers. Respectable cap rate with room to grow. Please do not trespass on property or disturb tenants.
This is a 5-family property, located in a R1 zone. Commercial loans and cash only. Buyer financing capability must be provided prior to in-person showing. Tenants are on written month-to-month leases and up to date on their rents.
Showings to be arranged in advance due to 4 sets of tenants. Please call Dawn for further details at 201-755-2633.
This property is in an Opportunity Zone.