Description
Incredible investment opportunity in the Longfellow/Hospital Hill neighborhood. This all brick building consists of 4 units with 5 private off-street parking spaces - including 2 garage spaces. All units 2 bed/1 bath. The basement provides storage space and full washer/dryers for each unit. There have been cosmetic updates in recent years as-needed, but the property offers a value-add opportunity for new ownership to make more significant improvements to achieve higher rents. Tenants pay all utilities - all units separately metered (including water). Owner responsible for public service meter for common areas. The property was inherited at the end of 2021. The 2 vacant units were occupied until the end of April 2022. They were previously rented for $950/month with leases that started in 2020. Great opportunity to renovate the 2 vacant units while still having consistent cash flow from units currently occupied. Or, rent as-is to achieve $1,050-$1095+/month.
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0BEDS
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0.14ACRES
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0BATHS
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01/2 BATHS
Description
Incredible investment opportunity in the Longfellow/Hospital Hill neighborhood. This all brick building consists of 4 units with 5 private off-street parking spaces - including 2 garage spaces. All units 2 bed/1 bath. The basement provides storage space and full washer/dryers for each unit. There have been cosmetic updates in recent years as-needed, but the property offers a value-add opportunity for new ownership to make more significant improvements to achieve higher rents. Tenants pay all utilities - all units separately metered (including water). Owner responsible for public service meter for common areas. The property was inherited at the end of 2021. The 2 vacant units were occupied until the end of April 2022. They were previously rented for $950/month with leases that started in 2020. Great opportunity to renovate the 2 vacant units while still having consistent cash flow from units currently occupied. Or, rent as-is to achieve $1,050-$1095+/month.
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