Listing Info
Name
Address
2688 NORWOOD Street
Legal
Site Size
Sites
Income
$0
Price
$395,000
Status
Active
Description
Opportunity Knocks with a 10% cap rate. This well-maintained 3-unit home offers excellent potential for investors or first-time home buyers. Vacant June 1st! ! You can rent out all 3 units or live in one & rent out the other 2. The cash flow when rented was $46,800 annually minus $6,820 in expenses (insurance $2,678, city taxes $4,141) for a net income of$39,980. The upper unit features 3 beds, 2 baths & private laundry. The ground-entry basement includes two 1-bed (unauthorized) suites, each with separate entrances & laundries. Major updates include roof (2020), furnace (2021) & HWT (2021 ). This has been a strong income property earning a great cap rate. Lot size measurements is taken from tax ass. & all measurements. are approx. & to be verified by buyer if deemed important. (id:6769)
