Discover a prime investment opportunity in this charming brick 8 unit apartment building, built in 1901 and exuding character and potential. This property is strategically positioned to attract a diverse range of tenants, ensuring a steady stream of rental income. The building is in good condition, allowing for immediate occupancy or the chance to enhance its appeal with minimal renovations. Investors will appreciate the low overhead costs, as the owner covers essential utilities including water, sewer, trash collection, and heat. This not only simplifies management but also enhances the property's attractiveness to potential tenants. The on-street parking adds convenience, making it easy for clients and customers to access your business or rental units. The location offers significant growth potential, with increasing demand for apartment rentals. This property is not just a building; it's a canvas for your investment vision. Seize this opportunity to invest in a property that combines historical charm with modern potential. With the right strategy, this investment can yield impressive returns, making it a smart addition to your portfolio. Don't miss out on the chance to capitalize on this unique offering-schedule a viewing today and envision the future of your investment!
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Listing Snapshot
Price
$625,000
Days On Site
3 Days
Bedrooms
16
Inside Area (SqFt)
5,184 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.13 Acres
Year Built
1901
MLS® Number
PALY2002576
Status
Active
Property Tax
$5,768
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
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