2812 E 76th St.

2812 E. 76th Street is comprised of (3) three bedroom and 2 full bathroom units boasting approximately 1100 square feet of living space. All of the units and building was completely renovated in 2015 with individual utilities. The capital improvements included, but not limited to: electric service, wiring, breaks, & panels, all new copper plumbing, new windows, refinished hardwood floors, granite counter tops, 42' cabinets, stainless steel appliances, individual hot water heaters & furnaces, and updated sewer lines. The current owner purchased this property with an FHA loan, so it was in perfect shape when it was purchased. This fantastic 3-flat provides an investor the opportunity to acquire their first property or a seasoned investor who wants to add more units to their growing portfolio. There are two CHA tenants currently in the property, where CHA pays more than 87% of the total rent. The third tenant is market. The current Gross Scheduled Rent income is $44,628, but in this listing, a 5% vacancy/credit loss is taken into consideration which brings the Gross Operating Income to $42,397. The second option is to purchase this property as owner-occupied, and take advantage of the rents from the other units that pays the mortgage and then some!