Performing 6-unit property on a charming street in the historic northeast. Off-street parking and on-site laundry along with rehabed spacious units and Capex completed. Current rent roll of $5,225 beats the 1% rule at closing.
Why we love it: Reliable cash flow from day one on 100% occupied units. New roof with warranty and new plumbing makes this building with historic charm durable for years to come
The challenge: The Historic Northeast is historically a C class area. With investment dollars pouring in rental rates are increasing along with renter demand.Buyer Detail and Financials