Attention investors and owner-occupants! Income-producing 3-family property where the heavy-lifting has been done for you by current ownership. Positive cash-flow. All 3 floors are spacious two-bedroom units. 7-8% CAP proforma + strong upside potential. Tenant-paid utilities, very low owner expenses. One floor leased at determined market value; one floor has been freshly renovated and just listed for rent; one floor has tenant lease-end and vacancy scheduled for month's end. $4200-4800/month proforma rent roll. (Seller willing to work with any leasing preferences prior to closing.) Off-street parking available. Rare opportunity to acquire alongside the neighboring multifamily property for a larger investment portfolio. A compelling opportunity for investors looking to build or expand their multifamily portfolio.
Commission structure not available, using default of 2.5%
Make OfferMelanie Scull, William Pitt Sotheby''s Int''l
The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc.