46-48 Lafayette St

46-48 Lafayette

Cash flow, upgrades, and awesome tenants—this three-unit property features a potential cap rate over 15%. Boasting large apartments totaling 3,508 square feet, there is also a top floor ready for a potential additional unit or expansion. Tour the units to experience updates throughout, including newer flooring, kitchens with granite countertops, stainless steel appliances, and in-unit washers and dryers that stay with the building. The bathrooms have also been refreshed with newer flooring, tubs, and vanities. The building itself is well-maintained, boasting a newer metal roof, some updated windows, and recent exterior doors and heating systems. Outside, tenants have ample parking. A detached garage with an automatic electric door and workshop sits on the property, which is gated for privacy. The seller appreciates the corner lot, separate utilities, and tenants with a strong rental history, all backed by full security deposits.Tenants enjoy being on a quiet street located close to city restaurants, convenient commutes, parks, schools and more. Private showings on Friday 4-6PM & Saturday 11-1PM