This 6 unit apartment building is a great opportunity to build your rental portfolio. Fully occupied, the spacious brick building consists of four 2-bedrooms apartments that are 1,100 sqft and two 1-bedroom apartments that are 885 sqft. (The 1-bedroom units could potentially be 2-bedroom which would increase the rent as well!) All units have living rooms and dining rooms. This building also has plenty of tons of newer updates: just 2 years ago major renovations were completed throughout the building. The electrical has been updated, including GE breakers and GFCI outlets in all bathrooms and kitchens, all new replacement vinyl windows and new glass block windows in basement, refinished hardwood floors, new plank flooring in kitchens, along with new cabinets, completely renovated bathrooms with ceramic tile floors and new fixtures. Units #1-4, all 2-bedroom units, rent for $650/month and the 1-bedroom units #5 and #6 rents for $600/month and for $550/month respectively. Each unit is metered separately with tenants paying gas and electric and 4 units are paid through rent assist programs. The owner pays for water/sewer, trash and common electric and also handles landscaping. Insurance costs are $3,941/year and there is professional management available as well! This building is an amazing chance to add a hugely valuable property to your portfolio! Don’t let it pass you by!
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