For Sale $259,000 - Apartment Building, Residential
Excellent opportunity to purchase an updated turn-key four family in the Southampton neighborhood. Features include renovated eat-in kitchens with updated cabinets, newer appliances including dishwasher, microwave, fridge and garbage disposal. Units have updated baths, refinished hardwood floors with central air. The first floor units which rent for $700 have 4 rooms with bonus room including closet which could be used as a kids bedroom, office, storage or walk-in closet. The second floor units rent for $750, when fully rented the monthly gross income is $2,900 a month, $34,800 annually with expenses of $7,002 creating an annual net income of $27,798. Building has a decorative clay tile roof, new large parking pad in the rear of the building which fits 6 vehicles, newer condensers with cages, newer siding, newer furnaces, recently updated electric, updated PVC plumbing, separate storage for all units, washer dryer hookups for all tenants.
Paying buyers agents 2.7%
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