Being sold as-is ONLY. Price DROP!!
Great opportunity with this value-add CMX-1 zoned property. With a little bit of cosmetic touch-ups, this can be a great rental investment with 3 units. Over 12% CAP rate with current market rents - very rare find now.
Lower level unit has 2 bedrooms with a full-bath and kitchen.
First floor has 1 bedroom, 1 large living room, kitchen and bathroom. Can be used as an office/retail as well.
Second Floor has 2 bedrooms, 1 kitchen (gas stove) and a full bathroom.
Lower level has separate entrance. Main floor has one entrance that breaks off into 2 entrances at the foyer.
Estimated approximate annual income $36,000 Gross minus expenses of $5000/yr = 31,000 (12% Net)
Come check it out and put your money to work for you!
Property Features
Heating Information
Natural Gas
Hot Water
Cooling Information
None
Water Features
Public
Parking
On Street
Listing Courtesy: Realty Mark Associates - 215-376-4444