The subject is value add CBS and wood frame 9plex constructed in 1951 and is in good condition with fantastic curb appeal. The property is comprised of 2improvements with a well manicured common courtyard with benches and picnic tables for the enjoyment of tenants. The unit breakdown is (3) two-bdrm apts; (5) one-bedroom aptsv & (1) studio apt. All of the apartments except for one have received upgrades and renovations. The laundry facilities and storage rooms are located at the rear of the property in the alley. There are 5 electric meters for the subject property and as such ownership pays water, trash, gas and electric. The rental income is not to par with market rates. It is estimated income can be increased 11%. +++Download the Offer Memorandum from the MLS or visit agents website
Listing courtesy of Media Realty.