Two To Four Units
PRICED TO SELL! Horner Park EXTRA WIDE BRICK beauty! Attention all investors and Airbnb investors! This is what you have been looking for! A fully occupied extra wide BRICK 2 unit building with EXCELLENT cash flow with an income producing garden unit with high ceilings and 2 forms of egress! TONS of work has already been completed in this building! CENTRAL AC AND WASHER AND DRYERS in ALL units! Building improvements include: recent tuck pointing (2020), new tear off roof (2016), new kitchen in top floor unit with new white shaker style cabinets, white quartz countertops, new faucet and sink, new stainless steel appliances: refrigerator, oven range, microwave, dishwasher. Changed electrical outlet from front of building to the back electrical room, installed sump pump with battery back up, Installed vents in bathrooms, exterior light fixtures, Repaired and installed a partial new garage roof (2017), Basement crawl space water proofing, new exterior downspout plus extension, and new bath drain and pipes on 1st flr unit. New water boiler (2018), new bathroom update on 1st unit (2019). Basement unit is a 2 bed and has been fully encapsulated by US Waterproofing including new drain tiles (2016) and dry as a whistle! Both 1st and 2nd floor units are 3 bed, 1 bath. Top floor is fully updated and 1st floor has some updates throughout (kitchen ready for remodel!) and very well maintained with annual HVAC maintenance and landscaping service contracts. This property is truly an investors dream! All leases end April 2021 and also has a beautiful backyard and a 2 car garage that is rented out separately for $220! This one will go fast! Below is a summary of the annual income and expenses of the property: Total Annual Rental Income: $57,060 Total Monthly Rental Income: $4,755.00 Basement (just vacated): $1,310, may go to $1250 moving forward (June 2020-May 2021) 1/F: $1,600 (June 2020-May 2021) 2/F: $1,625 (May 2020-April 2021) Garage spot 1: $110 (May 2020-April 2021) Garage spot 2: $110 (May 2020-April 2021) Total Expenses Annual Property Tax: $11,197.00 Annual Insurance: $2,597.00. THIS IS A WINNER!***basement tenant JUST moved out and is PERFECT for AIRBNB!!!!