5 Unit Multi-Family for Sale
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||$95,980 Per Unit
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||Cash to Seller
Overview / Comments
"WEST-SIDE (3) STORY": 5-family Dwelling; great tenants; 5-car parking on-site, plus on-street; 1st floor: 5 rms, 3 bedrms, laundry room; and 3rms-1 bedrm; $1175 & $1025. 2nd floor: 3 rms 1-bedrm and 4 rms,2 bedrms; $1025. & $1075 3rd floor: 4 rms, 2 bedrms.$1075. Recently painted exterior, vinyl windows, updated & repainted inside, fairly modern kitchens & bathrooms. Owner elects to pay all gas heat, hot water,& electric.(mostly separate meters) No vacancies, 24-48 hr notice, pls. Income: $64,500 expenses: 20,195 .Insur. $2274; Elec. $6587;Gas $4335; W/S$1869; Tax$5130. NOI $44,305
||R-3 URBAN MULTIFAMILY
||Located minutes away from Exit 5, Rte. 293 by junction of Main Street, South Main Street & Granite Street
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||The intent of this zoning district is to maintain the inner city neighborhoods at a density which affords the opportunity to develop or redevelop multifamily housing at the maximum density considered appropriate to sustain neighborhood quality in an urban setting. Its primary purpose is to define residential densities appropriate for the inner city neighborhoods, while preserving opportunities for some neighborhood-serving businesses to be integrated therein. Special provisions within the district permit, under certain conditions, the development of high density high-rise structures for the elderly.
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