Cash Flow Positive!!! Great six unit investment property with room to add a seventh. All units are rented and generating income amounts of $3285 for rent and $750 for utilities monthly with a cap rate at close to 12%. Unit 3 is section 8 HUD on a 3 bedroom voucher, if a family with 4 bedroom voucher were put into this unit, the monthly payment from HUD would be $1250-$1300. Sold as is where isCurrent owner has done over $35,000 worth of improvements within the last two years to include: Converted to ALL ELECTRIC in May, 2020 with Major Rewiring Completed.Conversion of Boiler System to All Electric Baseboard Heating System, Major Electrical Update, Exterior Painting, New Carpet & Paint in Hallways, Flooring, Interior Painting, etc.
|--||New Value: $224,900|
|11/17/2020 1:24:00 PM||New Value: $224,900|