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Desription

Income producing properties consisting of 33 total units (29 residential & 4 commercial) in 6 separate buildings. Total current rental income = $296,525, potential rent = $394,325 (additional 2 vacant residential units being renovated at the moment and 4 owner-occupied commercial units/businesses). Total annual operating expenses = $117,497. Commercial units consist of two, retail storefronts and an arcade/ laundromat with 10 owned coin-op washers & 10 dryers. Owner will consider negotiating a sale to include any/all of the businesses, equipment, and inventory. All properties are in decent condition, have very low vacancy rates and many have long-standing tenants/leases. This would make a manageable investment as all properties are within close proximity/walking distance to all town amenities, with current rental manager willing to offer services to new owner. All buildings are serviced by public/water sewer and a combination of oil-boilers/propane wall units. Full financials, leases, property details, etc. available.

Infomation

  • Number of Units: 33
  • Living Area: 35784 SqFt
  • Total Area: 48259 SqFt
  • Lot Size: 1.51 Acres
  • Year Built: 1850
  • Stories: 3
  • Basement: Concrete,Concrete Floor,Crawl Space,Dirt Floor,Insulated,Interior Stairs,Sump Pump,Exterior Access
  • Roof: Corrugated,Membrane,Metal,Architectural Shingle,Asphalt Shingle
  • Construction:
  • Taxes: $17954.70
  • Heating Fuel/Type: /Propane,Oil,Baseboard,Hot Water,Radiator,Wall Units
  • Water Heater:
  • Water:
  • Sewer: Public
  • Listing Office: Jim Campbell Real Estate
  • Listing Agent: Luke Sykes

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