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Listed by Mike Kalil of Watson Realty & Associates, PLC
Great convenient location with very good rental history, in fact 16 years of 100% continuous rental, most of the tenants stay long term because of the condition and location of the property, since purchasing this property in 2004, a lot of improvements have been done, vinyl windows , furnace , plumping , electric, 2017 new roof including all the wood underneath and with all new skylights, just finished new vinyl siding and all trims, decks painted, Certificate of occupancy for all units and Essential Maintenance practice have been filed with the state yearly, Current Actual Gross income is $ 44,100 a year, Actual Current Net Income is $28,480 a year, easy management, this property is on over 2.25 acres and it is the only one around here with that much land, possibility of building more units, just under 10% Cap Rate at the asking price owner is a licensed reals estate broker .

Property Details of 91 Crescent Street

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Copyright 2020 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web 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 November 29, 2020.

 

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