Non MLS Princeton Heights Four Family

You won’t find many buildings like this immaculately maintained Princeton Heights four family.  The large 4100 square foot building has spacious two bedroom units each at 1000+ sq. ft., and boasts many upgrades the current owner has made during their ownership.  From the triple pane windows recently installed, to the newer water heaters, furnaces, and roof, the building will likely be a headache-free investment for the foreseeable future.  Other features include a copper stack, tuck-under garage with 4 spaces, central air, hardwood floors throughout, and new washer/dryers.

Building is in the desirable Princeton Heights neighborhood with easy access to public transportation, dining, shopping, and other amenities.  Building would be a smart buy for an investor looking to cash flow, or an owner/occupant taking advantage of FHA financing and potentially living for free.

There is nothing that needs to be done upon purchase other than collect the income the property produces!  Current rents are at $750, $740, $740, $625 (18 year tenant), but area would potentially support $800/unit.  Fully rented at $800/unit the property would produce  just over $30,000 net income a year.

Rents:                 $750

                            $740

                            $740

                            $625 (18 year tenant)

Gross Annual:   $34,260

Annual Expenses:

Taxes              $3034.55

Insurance        $1854.05

Water              $793.08

Sewer              $1337.52

Trash               $480

Electric            $288

Misc                 $400

Net Income     $26,073.8

Please allow 24 hrs notice to show.

PAYING BUYERS AGENT 2.7%