Photo 1 of 1
$159,000
Sold on 5/12/21
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
| 6 |
2.00 |
0 |
$1,736.90 |
|
|
On the market:
60 days
|
View full details, 15 photos, school info, and price history
Two unit property with spacious 3 bedroom / 1 bathroom units. Long term tenants with attractive rents provide immediate cash flow (12%+ in place cap rate). 90%+ of total rent is subsidized from CHA making managing this property a breeze. Individual furnaces and water tanks. Tenants pay heat and electric. Recent improvements include two brand new 40 gallon / 40k BTU hot water heaters, rodded drain line, fully cleaned out basement. Basement has high ceiling allowing for a potential duplex down or garden unit as a value-add play.
Listing courtesy of Nicholas Tsichlis, Midland Realty Group
