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Description

The property consists of eight (8) detached one-story multi-family apartments buildings containing about 45,000 square feet of living space. The buildings were built about 1972 and are wood framed with vinyl exterior and gable roofs covered w/shingles.4.5 acres with on-site parking for about 100 cars. 66 units (30 1br / 36 2br). the 1br units are about 600/sf (2 1br units lower level are 866/sf) and 2br units are about 866/sf. All the units are garden style with one bath. There is also a rental office. All the units have stoves, refrigerators, air-conditioners, dishwashers, garbage disposals, and some have microwave ovens. Gas heat / hot water is included in rent. Tenants responsible for their own electri, i.e., lights and cooking. All the buildings are 1-story structures and were built about 1972 and have been well maintained through the years. Each building contains 8 units with one building having 10 units. Effective age estimated to be about 2000 because of the ongoing maintenance, remodeling and renovations done to the property over the years. All roofs were re-shingled in 1995 and 1996. The buildings vinyl exterior with aluminum gutters and downspouts with poured concrete foundations. Windows are double hung thermo pane with screens. 19 of the kitchens have been remodeled, i.e., new cabinets, added dishwashers, and tile floors. There is a boiler for each building with individual re-circulating pumps for each unit. All the boilers were replaced between 1998 and 2004 then converted to natural gas in 2008-2009 with new burners replaced at that time. Hot water holding tanks were replaced between 2000 through 2005. There is a laundry room in the basement of each building. Lawn sprinkler system installed in 2005. Parking lot was repaved in 2000. The site is located right off Routes 7 and 23 and within walking distance to the center of town. Owner has units inspected for lead paint anytime new tenants with children lease apartments. None of the units inspected tested positive for lead paint. Management office has inspection reports. Modern appliances include self cleaning stoves, frost free refrigerators, dishwashers, garbage disposals, a/c, on-site parking, and park like grounds. Building price details: $5,000,000.

Property Details

• Type: Multifamily
• Status: Available
• Year Built: 1972
• Buildings: 1

Exterior Features

• Parking: Yes
• Parking Spaces: 100
• Parking Type: Surface

Map Locations