Description
LOOKING FOR A LUCRATIVE INVESTMENT PROPERTY, YOU'VE FOUND IT !!! With 12 units (6 one bedroom & 6 studio) completely rented this is a great property to add to your portfolio. All units are month to month rental agreements, tenants pay their own electric (separately metered). Gas for heat and hot water paid by landlord. Security deposits being held on all units. Vacancies are never a problem !! There have been no vacant months in the past 5 years (actually, much longer !) There is a large basement with a concrete floor and a number of separate rooms that could easily be made into tenant storage and/or laundry for extra income. Rubber roof installed 2002, new boiler 2014, newer hot water system, 200 amp service, 3 phase electrical. Very well maintained and in great condition. This is in a Qualified Opportunity Zone ! As of June 2023 rent is $10,630 per month !! Cap rate 9.5%, GRM 7.84
Location
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Listing Agent: Deborah Cahillane
Listing Office: Jones Group REALTORS®
Attribution contact: 413-323-7295 | 413-695-4917
