Description
Solid 3 family located on the Northside with HUGE cashflow potential. Large 3 bedroom/2 bath apartment on the first floor is rented to long term tenants for $950/mo. Upstairs there are two 2 bedroom/1 bath apartments, one is rented for $800/mo and the other is being left vacant. These rents are significantly below market and represent a value-add opportunity for the new owner. There are separate electric meters and one gas meter, so the landlord is responsible for heat, hot water, and common area electricity which in total averages $300/mo. Other features include newer furnace, replacement windows throughout, aluminum siding, and off-street parking. Some cosmetic work will be required but this is overall a solid property with spacious apartments and good overall structure.
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7BEDS
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0.12ACRES
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4BATHS
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01/2 BATHS
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3,726SQFT
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$43$/SQFT
Description
Solid 3 family located on the Northside with HUGE cashflow potential. Large 3 bedroom/2 bath apartment on the first floor is rented to long term tenants for $950/mo. Upstairs there are two 2 bedroom/1 bath apartments, one is rented for $800/mo and the other is being left vacant. These rents are significantly below market and represent a value-add opportunity for the new owner. There are separate electric meters and one gas meter, so the landlord is responsible for heat, hot water, and common area electricity which in total averages $300/mo. Other features include newer furnace, replacement windows throughout, aluminum siding, and off-street parking. Some cosmetic work will be required but this is overall a solid property with spacious apartments and good overall structure.
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Listing information © 2024 CNYIS, GENRIS, WNYREIS. Listing provided by Christopher Newman of Acropolis Realty Group LLC : .