With the current rents this property is producing an approximate cap rate of 14%, and the seller believes these rents are on the lower side, since they haven't been raised for years. Apt# 1 & #2 are on the first floor, Apt #3 is rented by the rooms which consists of 5 rooms, a shared kitchen & bathroom(each room rents for $600/month. Apt #4 has two rooms renting for $600/month and sharing the bathroom & kitchen. Apt#3 and is on level 2 & 3. Rents include water, sewer, cable/internet, trash, heat, and electricity. Heat is oil or pellets and the current seller is using mostly pellets to heat the property. Full solid basement, side and rear parking for tenants. A real money maker, so don't wait.
Listing Agent: Hughes Group Team Courtesy of: Casella Real Estate Copyright 2022 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last Updated: 28th November, 2022 12:15 AM (UTC)