Property Description
Up to 3% cashback for closing costs when you buy this 4-family house with an extra lot for parking (lot 3) and an extra buildable lot suitable for up to 5 units to be built (lot 2). There is one tenant, Service Net, which is a state agency that rents all 4 apartments. The rent is paid on the 3rd each month even if the apartment(s) is vacant. All 4 apartments are currently vacant so you can pick your tenants. If a tenant damages an apartment, then Service Net will pay for the repairs. There are 4 updated gas heating units and 4 updated electric systems, and the tenants pay for those utilities. Updated windows. Service Net will probably want to rent any additional units that are built on the adjacent lot. Next year the rents will probably go up to $1700-1800/unit. It's the best deal a landlord will ever have! 2 plot plans, the lead paint document and 4 lead compliance letters are attached to the MLS listing. This one won't last! Several more multis available.