Beautiful brick/stone building located in the heart of a quiet single family subdivision. Two new boilers, newer water heaters, roof redone in 2009, 12 large 2 bdrm units 2 3 bdrm 1.5 bath units. Seller retiring , under no duress just wants the new owner to take as good care with the building and tenants as they have over the years.
Located minutes from airport, downtown, shopping, stores, schools and restaurants. On the bus line , off-street parking. Tenants pay electric owner pays heat. Coin-op washer/dryer in basement with storage lockers for tenants. Units are under rented by an average of $150 per month. Current rents on 3 bdrm units is $200-300 below market rents. Investment return with principle reduction and average appreciation stated by city records is approx 23%. With rents stabilized at market rates this adds another $25,200 per cash flow annually. Qualified investors only, proof of funds or bank letter required with any offers. PLEASE DO NOT DISTURB TENANTS. Call lister for showings and information. This highly sought after building won't last long, bring your A game to get it done.