SOLID ALL-BRICK 6 UNIT BUILDING OFFERING A PRIME VALUE-ADD OPPORTUNITY WITH STRONG POTENTIAL FOR HIGHER MARKET RENTS, MAKING THIS A PROFITABLE INVESTMENT. ONLY ONE UNIT VACANT. PROPERTY FEATURES ONE 2-BEDROOM, 1-BATH UNIT AND FIVE 1-BEDROOM, 1 BATH UNITS. EACH UNIT INCLUDES A RANGE & REFRIGERATOR. RECENT IMPROVEMENTS INCLUDE NEW ROOF (2014), EXTERIOR TUCKPOINTING (2023), NEW EAVES AND GUTTER GUARDS (2020), AND NEW STORM DOORS (2023). BOILER IS MAINTAINED ANNUALLY & IN GOOD CONDITION. FOUR UNITS HAVE BEEN RENOVATED IN THE LAST 5 YEARS. TENANTS PAY FOR ELECTRIC. COMMON LAUNDRY ROOM WITH COIN OPERATED WASHER & DRYER OWNED BY THE SELLERS WITH POTENTIAL FOR ADDITIONAL INCOME. PROFORMA CAP RATE WITH MARKET RENTS IN PLACE IS AN IMPRESSIVE 13%.
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Listing Courtesy: Village Realty, Inc. - 708-478-1212
Based on information submitted to the MLS GRID as of 2025-09-03 20:32:26. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2025-09-03 20:32:26
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