Rare offering of a 15,000 sq.ft. parcel improved with three buildings and potential to build one more! Good income flow from the 14 rentals and tenants are all very long term. Largest dwelling was built in 1931 and the other two in 1941. All are in good condition. This first home is a legal registered boarding house with 7 rented rooms, a large common kitchen, lockers for each tenant, high ceilings and storage underneath. 3 rooms have complete bathrooms inside the rooms, one has a half bath, and three share the two common toilet rooms/one shower stall room. All rooms have individual refrigerators and sinks. Some tenants do light cooking in their rooms. Under this building are two apartments (studio and one bedroom). The two additional buildings contain 1 studio, 2 one bedroom apartments, 1 two bedroom apartment, and 1 three bedroom apartment. Washers/dryers in laundry room. The back parking lot has space to build a 4th structure by eliminating the garage + 2 parking stalls. You're still left with 14 stalls! Location near schools and shopping is in high demand for tenants. Vacancy rate has been near ZERO these past 18 years! Rental prices now extremely conservative!
Listing courtesy of Sue Young.
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