Description
Come check out this income earning QUAD today!Four - 1 bed 1 bath units Contact the listing agent for all financials that have to do with this property 648A - $865 Per mo- Section 8 long term tenant 648B- $925 Per mo650A- $1,050 potential rent once rehabbed 650B- $950 Per mo Each unit us due for a rent increase once leases end. Two units leases are up in November and the section 8 tenant just got a new HAP contract. Three of the Four units are occupied all PAYING tenants with leases in tact.Unit 650 A is vacant and just has been cleaned out. Needs work!EXPENSESCommon Gas (Hot water, whole house)/common areaelectric(lights)$1300/ yearTaxes$8400/yearWater/sewer$3300/yearInsurance$2000Building has four gas boilers, all separately metered. Tenants pay gas heat. One was replaced 02/2023Building has a whole house tankless hot water heater that was replaced 02/2023. Owner pays this bill.Building has property management in place for 8% of gross rents.The property is being sold AS-IS. The buyer is responsible for all inspections, including but not limited to certificate of occupancy and fire inspection.
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0BEDS
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0.13ACRES
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0BATHS
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01/2 BATHS
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2,208SQFT
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$135$/SQFT
Description
Come check out this income earning QUAD today!Four - 1 bed 1 bath units Contact the listing agent for all financials that have to do with this property 648A - $865 Per mo- Section 8 long term tenant 648B- $925 Per mo650A- $1,050 potential rent once rehabbed 650B- $950 Per mo Each unit us due for a rent increase once leases end. Two units leases are up in November and the section 8 tenant just got a new HAP contract. Three of the Four units are occupied all PAYING tenants with leases in tact.Unit 650 A is vacant and just has been cleaned out. Needs work!EXPENSESCommon Gas (Hot water, whole house)/common areaelectric(lights)$1300/ yearTaxes$8400/yearWater/sewer$3300/yearInsurance$2000Building has four gas boilers, all separately metered. Tenants pay gas heat. One was replaced 02/2023Building has a whole house tankless hot water heater that was replaced 02/2023. Owner pays this bill.Building has property management in place for 8% of gross rents.The property is being sold AS-IS. The buyer is responsible for all inspections, including but not limited to certificate of occupancy and fire inspection.
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