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Description

Four family in average condition with a very good rental history priced below town assessed value of $182,100. Building is located within a short walk to stores and is on the public bus line. The building has a coin-op laundry in the basement for added income. The current Potential Rental Income is $25,380, expenses are $10,442. Figuring in a 5% vacancy factor the current NOI is $14,149 which represents about a 10 cap at list price and a 17% cash on cash return based on 20% down. Building price details: $139,000.

Property Details

• Type: Multifamily
• Status: Available
• Year Built: 1920
• Buildings: 1

Exterior Features

• Parking: Yes
• Parking Spaces: 4
• Parking Type: Surface

Map Locations