217 White Avenue

Listing provided courtesy of: BHHS Fox & Roach-Media

Property Description

Show me the money! Are you looking to generate steady cash flow? This property, located in a residential neighborhood, presents as an excellent investment opportunity. This updated multiplex is a 5-Unit building, with a detached garage, and wonderful large lot. This building has separate entrances for ALL units, including 3 one-bedroom, and 2 two-bedroom units. Unit A (1 Bedroom) -$1,100, Unit B (1 Bedroom) -$1,200, Unit C (1 Bedroom) - $1,100, Unit D (2 Bedroom) - $1000. Unit E (2 Bedroom) $1,450. Unit C has separate baseboard heat that is paid through their electric bill. All other units have gas heat, which is paid by owner. Owner also pays water, and hot water for all units. There is a common area, coin-operated washer and dryer on the premises. Gross Income $70,200. Taxes $10,289, Insurance $2,000, Maintenance $3,940, Utilities $5,356, total expenses $ 21,585 with a net operating income of $48,615. This property has many upgrades and long terms tenants. Serious inquiries only. For lending purposes, please be aware that this property is considered "commercial" because it is a 5-unit building. (please note that utility and water costs can fluctuate, and should be expected to rise, like everything else!)

• Features:

  Window Unit(s) Laminate, Carpet On Street Shingle Smoke Detector(s) Public Sewer Natural Gas Available

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