- Status Active
- Price $799,000
- Bed 21
- Bath 7.1
- Location Fifth City
Exclusively listed by Dream Town Real Estate
ASSUMABLE MORTGAGE AVAILABLE!!! Assume the balance of this mortgage for 2.49%!!! This property presents an enticing investment prospect, located in the thriving neighborhood of East Garfield Park. It boasts a fully renovated 4-unit building, formerly a condo, offering excellent cash flow potential with promising rental upside. The main building comprises three generously sized units alongside a duplex coach house featuring 3 bedrooms and 1.5 bathrooms. Noteworthy features include copper plumbing, updated electrical systems, individual gas-forced heat, and separate hot water tanks, ensuring efficient and manageable utilities. Additionally, 2 units benefit from laundry hookup facilities and unit 3 has in-unit laundry. The property's strategic location, coupled with its spacious layouts and desirable amenities, positions it as a prime income-generating asset. With a few tweaks and additions, this turnkey investment opportunity is primed for substantial returns. Unit 1 and 2 rented for $1700. The Coach house rental is MTM at $1,200. Unit 3 rental is MTM at $1,922. Overall, this property presents a compelling investment proposition, underscored by its robust cash flow potential and favorable market conditions.
General Info
- Price $799,000
- Bed 21
- Bath 7.1
- Taxes $9,205
- Market Time 44 days
- Year Built 1908
- Square Feet Not provided
- Assessments Not provided
- Assessments Include Not provided
- Buyer's Agent Commission 1.5%
- Source MRED as distributed by MLS GRID
Rooms
- Total Rooms 36
- Bedrooms 21
- Bathrooms 7.1
Features
- Heat Gas, Forced Air
- Air Conditioning Not provided
- Appliances Not provided
- Parking None
- Age 100+ Years
- Exterior Brick
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