This building has been owned by the same family since 1932. Well managed and maintained 6 family building for the last 80+ years. Senior citizen owner is retiring from the landlord business. No vacancies in the past two years, and vacancies usually fill immediately. 12% Cap Rate. All the big ticket items have been done here. Good roof, good heating/hot water system, good electrical, replacement windows, vinyl siding, and solid rear exterior stairs/porch. A rare asset to this property is that it has its own off-street parking lot for the tenants. Big plus for attracting long term, stable tenants. These are comfortable, 1000+ sq ft, 2 bedroom apartments. Most of the units have been updated to various degrees. The lowest rental amount is for a long term, 20+ year tenant. Priced at the market for a quick sale.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
