Turnkey Fully Rented Multi-Family Deal in Brewerytown/Stanton
New Construction – 10 year tax abatement – Condo Doc’s
5 Total Units Comprised of 2 Buildings
(Triplex + Duplex)
5 Total Units Capping 6.6% with room to increase
Total Monthly Gross – $7550
Yearly – $90,600
Tenants responsible for all utilities
Building 1: 2409 Ridge Ave (Triplex)
a first floor 3 bedrooms, 3 bathroom unit with Huge windows and plenty of space. The rear yard is perfect for outdoor entertaining or relaxing. There is a large first-floor bedroom along with 2 large basement bedrooms. The second floor flat features 2 bedrooms and 2 bathrooms with a great kitchen. The top floor unit is an incredible penthouse with a MASSIVE roof deck with center city views.
Building 2: 2404 W Montgomery Ave (Duplex)
a first-floor unit with a separate entrance. This home has 2 bedrooms, 1 bathroom, and a nice rear yard. The private entrance to the top unit leads you to an expansive living space with massive windows, a huge kitchen, and soaring ceilings. There are 2 bedrooms and 2 bathrooms upstairs as well as another massive roof deck.
Here is your chance to pick up a fully rented out multi-family building with 5 total units all on long-term leases. This is a new construction build with all the bells and whistles. Every unit is smart home enabled with Nest thermostats, intercom security, and speakers wired throughout. Every unit has gas cooking and full-size laundry units.
Viewing the units will require about 24-48 hours notice along with providing POF (proof of funds). The price is very firm!
Asking Price – $1.3M