Description
This 6 unit was recently remodeled, including the common areas, and is fully occupied. The property was built in 1990, so there is no risk of lead, asbestos, knob & tube electrical wiring, and galvanized piping. It is composed of all 1 bedroom apartments with modern layouts and includes 5 parking spots. The key to investing in a building with 1 bedroom apartments is understanding that they tend to have a lower vacancy rate, less space to look after, relatively low maintenance, and less damage. With a shortage of single-bedroom apartments, there is an increasing demand for renters. This helps to create peace of mind for the new owner. The leases, rent roll, I & E, and summary sheet are attached to the listing.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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4,176SQFT
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$68$/SQFT
Description
This 6 unit was recently remodeled, including the common areas, and is fully occupied. The property was built in 1990, so there is no risk of lead, asbestos, knob & tube electrical wiring, and galvanized piping. It is composed of all 1 bedroom apartments with modern layouts and includes 5 parking spots. The key to investing in a building with 1 bedroom apartments is understanding that they tend to have a lower vacancy rate, less space to look after, relatively low maintenance, and less damage. With a shortage of single-bedroom apartments, there is an increasing demand for renters. This helps to create peace of mind for the new owner. The leases, rent roll, I & E, and summary sheet are attached to the listing.
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than WEICHERT, REALTORS® - Thousand Islands Realty are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2021-04-19T16:15:01.55.
Listing information © 2021 CNYIS, GENRIS, WNYREIS. Listing courtesy of Samira Jaber of Cnyam Realty.