This well-maintained five-unit multifamily asset offers a strong investment profile, anchored by a solid 10% cap rate and consistent rental performance. The property features a diversified unit mix consisting of three two-bedroom apartments, one one-bedroom unit, and one efficiency, supporting broad tenant appeal and reliable occupancy. Operating efficiency is enhanced by landlord-provided heat, trash removal, snow removal, and lawn care, while tenants are responsible for electric utilities in all units except Apartment C. A large off-street parking area adds further value by providing ample, convenient parking for residents. Strategically located within walking distance to local shops, restaurants, a laundromat, and everyday services, the property benefits from sustained rental demand and a history of consistent occupancy. With strong cash flow, practical management features, and an attractive return profile, this asset is well-suited for investors seeking dependable income whether expanding an existing portfolio or entering the multifamily market with confidence.
Operating Expenses : Heat,Insurance,Maintenance,Sewer,Snow Removal,Trash,Water/Sewer
Construction: Wood Frame
Year Built: 1885
Style: Multi-Family | Multi-Level
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 4830
Above Grade Sq.Ft.: 3220
Basement: Full | Assigned Storage | Unfinished | Walkout
Roof: Membrane
Seasonal: No
Heating: Oil | Baseboard
Cooling: None
Electric: 100 Amp Service | Circuit Breaker(s)
Utilities: Cable Available | Telephone Available
Electric Meters: 5
Water: Public
Sewer: Public
Land Information
Open | River | In Town
Lot size: 0.37 acres
Zoned: Mixed River)
Surveyed: Unk
Flood Zone: No
Driveway: Gravel