Sold $650,000 - SOLD
There are few buildings in this city that have the special mix of features that attract both investors and top quality tenants.
Tenants are looking for top quality finishes like granite tops, quality flooring, new kitchens, bathrooms and windows, which this building has.
Investors look for a solid bottom line where they can count on getting income by reduced variable costs.
In this building the tenants pay for their own heat and lights, which removes the biggest variable expenses that affect the bottom line.
There are special features like an abundance of off street parking and washer/dryer hookups that attract quality tenants.
This building has been completely renovated from top to bottom seven years ago and the quality shows.
Renovations including plumbing, electrical, window, doors, roof, siding, flooring, lighting, kitchens, bathrooms and all with top quality products.
This is a building you can buy and start collecting a profit immediately with no work needed.
Five unit building, one 1 bedroom, two 2 bedrooms, and two three bedrooms.
Rental Income: $64,800 Approx Annual Expenses: $17,468 Approx Net: $47,332