Solid 8 unit multi family investment property. Many improvements to this property include NEWPRO windows, updated electrical, new roof, new paved parking lot, fully compliant municipally connected fire alarm system (cost $30,000) recently re-certified to meet current compliance requirements, and more. This fully occupied property consists of 2 three bedroom units, 3 two bedroom units and 3 one bedroom units. There is an additional unit currently being used as storage/office. Full basement. Tenants pay their own utilities. Large additional undeveloped area that could be used for garages or storage units. This flat cleared lot is already approved and has plans for the construction of 14 garage units with leasing income potential of $175 per month each. This results in $2,450 per month or $29,400 per year of additional, trouble free income.
