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Listed by Hughes Group Team of Casella Real Estate
Now this just makes $ense! Located on this dead end city street is where you will find this 4 unit apartment house with detached 3 bay garage that has a current cap rate of 10 percent with below market rents. This building could easily produce close to a 13 percent cap rate with a little rent increase. Attached on the paper clip please see the income & expenses for 43 Evergreen Avenue. Three of the tenants have been there from 5 to 8 years with the newest tenant being in their unit for 3 years. There are 4 boilers, hot water heaters, oil tanks and 4 electric panels with the 5th panel for the owners coverage of the electric. These units are spacious for 1 bedroom units and this location is an easy walk to the Pine Hill Park area. This wonderful investment property has been in this family for years. Certainly a better return than money in the bank, so take a look.

Property Details of 43 Evergreen Avenue

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Copyright 2021 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 September 24, 2021.

 

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