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MONEY MAKING MULTI FAMILY APERTMENT BUILDING

14 Rail way -

Stunning, multi-family money maker available! If you are looking to add to your portfolio this one makes sense. Almost 7% cap rate on a truly mint, restored, character building. The absolute pros that brought this building into the 21st century allowed it to retain so much of its original character. The entire exterior was saved and updated. You get nearly a completely new building with 6 units. 4 - 1 bedroom and 2 - 2 bedroom. Each unit is unique and has in suite laundry. All of the mechanicals were brought up to date and to code. There is room for a rent increase which would bring your cap rate to closer to 8% with no repairs in sight. There is space still on the land for possible upgrades. A small storage facility would make great sense here. Don't miss seeing this one! It makes money!

Property Details

  • ID: 1911296
  • Status: Active
  • Property ID: 101404193
  • Storeys: 2
  • Style: Commercial
  • New Construction: No
Listed By David Phillips Team of CENTURY 21 Carrie.com