14-20 Otis Ave, Ware, MA 01082

Buy this 14 unit property and make money from day one! This property generates $143,000 in annual revenue and expenses are relatively low. Tenants pay own utilities and turnover is minimal. 11 of the 14 units enjoy a permanent subsidy so tenants are only required to pay a portion of the rent, while subsidies pay the balance with rents fully valued at market rates. Many updates and improvements include hot water tank conversions from gas to electric in many units, a new roof on a portion of the building, renovated hallways and exterior features. All apartments have been well maintained with newer appliances, rugs and flooring in many units. Exterior maintenance is minimal, lots of parking, within walking distance to center of town. Showings by appointment only.