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Don't miss out on this 17 Unit Apartment Building. Spacious 1844 Victorian Mansion divided into 11 unique apartments plus a six apartment addition built in the 1950's. Quiet neighborhood location by Lenker Manor. Fully leased and in above average condition. All tenants on year to year leases. New architectural shingle main roof in 2011. New furnace in 2014. Some new siding, soffit and facia in 2016. Opportunity for a live in investor/caretaker with the spacious 1900 sq ft first floor owners apartment with 2 Bedrooms, 2 Baths and Family room. There are 4 two bedroom apartments, 8 one bedroom apartments and 5 studio apartments. The residents pay for electric and cable. The Owners pay water, sewer, trash, gas heat, stoves and hot water. Present Cap rate of 6% with Long term residents. See agent remarks and associated documents for additional details.
Listing courtesy of RE/MAX Realty Associates.
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Data last updated: 12/11/2019.
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