Outstanding investment property with 9 spacious units. This building features 3 units with 3bedrooms and 2bathrooms and 6 units with 2bedrooms and 2bathrooms (all legal apartments). Spacious eat in kitchen with formal dining and living room. 8 parking spaces. Building is in great condition. All units feature hardwood floors and recently updated bathrooms with newer kitchens. Tuck pointing is in great shape. Part of Lincoln Square, The Budlong Woods is home to a number of shops, restaurants and night life, all within walking distances of this property; making it a top choice for renters in Lincoln Square and a fantastic rental market for investors. Long time tenants with room for rent increases as most are MTM. Current Net Income at $127,000 without parking or laundry income which can be an added by new owner. Market Net Income $201,240. Making it a great investment with a 6% CAP RATE and Rent Multiplier of 11.66.
Listing courtesy of Century 21 Affiliated.
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