Photo 1 of 28
$265,000
Sold on 10/07/24
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
| 9 |
0.00 |
0 |
$13,325 |
1929 |
|
On the market:
67 days
|
View full details, 15 photos, school info, and price history
PHENOMENAL 3-UNIT BRICK BUILDING W/SEPARATE UTILITIES. APPLIANCES IN EACH UNIT. RUBBER ROOF, WELL MAINTAINED MULTI-UNIT. IN 2021 - UNIT #3: NEW A/C AND PAINTING, IN 2022 - ALL UNITS UPDATED W/NEW REFRIDGERATORS, IN 2023 - NEW WATER TANK HEATERS INSTALLED IN UNITS #1 & 2, NEW FURNACE INSTALLED IN UNIT #3. HACC INSPECTIONS ARE MODERATE & ACED EASILY WHEREAS THERE IS ZERO RISK OF RENT LOSS DUE TO MAINTENANCE ISSUES AND/OR FAILED INSPECTIONS. FORECASTED RENTAL INCOME TO INCREASE ABOVE $3,800/mo. OR $45,000/yr. BASED ON THE ASSESSMENT RE. HACC RENT INCREASE ANALYSIS FOR THE YEAR 2024. CURRENT AVERAGE NET INCOME FOR THE LAST 3 YEARS: +$15,000 WHICH CAN EASILY INCREASE TO $20,000 IN THE FOLLOWING YEAR. SOLD AS - IS.
Listing courtesy of Dorian Johnson, Jelani Realty Advisors
