Building completely renovated top to bottom!
This is a great opportunity to buy a well-maintained investment property!
Solid 2-story brick building in North Riverdale neighborhood;
Located in strong rental neighborhood, close to parks, bike path, and bus routes;
Four 2-bedroom apartments;
Updates include:
• New roof
• New gutters and downspouts
• Freshly painted exterior trim
• Vinyl replacement windows
• All new electrical panels
• 4 new gas furnaces
• 4 new gas water heaters
• New flooring and fresh paint in interior common areas;
All apartments updated:
• new kitchen and bathroom cabinets and fixtures
• new carpet and vinyl flooring
• fresh paint
• new refrigerators and electric ranges
• new window A/C units
• new paddle fans;
Each tenant has access to a locked storage bin in basement;
Plumbing and electric service available for each unit to have individual washer and dryer hookups in basement at tenants’ expense;
Off-street parking in rear lot;
Tenants pay gas and electric; landlord pays water/sewer and trash removal;
All units vacant and ready to rent; HUD Section 8 Housing Choice Voucher program allows up to 1,284/month for 2-bedroom units in this zip code; this property easily generates positive cash flow