This wonderful investment and/or owner occupant opportunity 4 unit building will not disappoint! This three story single has it all from its recently renovated from top to bottom features to the turn-key income producing potential that you will have right out of the gate after adding tenants. The owner did not renew 3 of 4 leases so you have opportunity to either live here yourself or choose your own tenants, This property consists of a large 1st floor unit, a wrap around porch leads to a living room with new laminate floors, newer spacious kitchen, with new appliances including elec. stove, built in dishwasher and microwave. and refrigerator. There is a large bedroom with new carpet and an adjacent home office or nursery. The full bath has newer fixtures including a pedestal sink and jetted tub!. There is a convenient washer/dryer in the hallway. There is access to a large unfinished basement with an outside access and plenty of storage. The tenants pay for heat and electric.
There are two 2nd floor apartments. The front one bedroom is occupied by a long term tenant and has a washer/dryer unit.. The rear is a spacious one bedroom apartment, with completely new carpet and kitchen with nice oak cabinets, stove ,refrigerator and built in microwave. There is a shower stall full bath.
The third floor eff. apt.is carpeted and has a large kitchen with elec. stove and microwave.
Their is a level private rear yard and a fire escape from upper units. Each apt. has separate electric service. The landlord pays for, sewer and water, there is a newer 80 gallon H/W heater. The rear lower roof just replaced in 2023. Most windows have been replaced, some new plumbing. Globus central fire alarm system. Building is well located 5 minutes from I95, 10 minutes from New Jersey and Delaware.
Projected total rents= $4000 monthly, Landlord average expenses (utilities and Insurance)= $5300
CAP rate at list price is over 11%