Clark University adjacent Grand Victorian - huge six unit investment property with strong student rental history. Units are large two bedroom + one bath each. Beautiful original detailing in units and on exterior. Exterior restoration, new roof, electrical service, hot water baseboard, and two forced hot air units in past four years. Complete new plumbing in 2015. Neighboring properties have been fully renovated and retain their historic charm. Fully rented with 2 or 3 occupants per unit. Leased through May 2018. Total rents are $7,150 per month making a clean 10% CAP rate. With a 25% down payment, your ROI is about 21% without factoring additional principal reduction! This is a low maintenance building in a perfect location for Clark University students.
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