4 unit 10% cap rate, $2,315/mo income, $160,000. Turnkey

[Kenneth LaVoie]

Always fully rented, this building is a classic Victorian, complete with original woodwork, 9 foot ceilings, a working fireplace and a pristine location. Coin op laundry room and 3.5 bay garage with door openers for added appeal. Two tenants have lived in building for approximately 20 years! 3rd tenant has been with us 7 years.

• Very well maintained one owner 4 unit w/3 car garage.

• 4 units: All 1BR but main unit has double parlor, fireplace, separate fully applianced laundry room, dishwasher and 2 private entrances.
• Brand new vinyl replacement windows throughout, vinyl siding, new electric entrances, etc.
• List of upgrades & repairs http://realestateme.com/upgrades.shtml
• Owner occupied option: Live in larger 1BR, all housing expenses paid, earn $760 per month before financing
• Sample bank financing: (owner occupied terms)$1,303 MO based on 10% down, 30 year, 4.5% interest.
• Sample bank financing: (typical investment prop terms) $1,088 MO based on 25% down, 20 year, 4.5% interest.
• May owner finance as long as part of multi-property package deal - see www.realestateme.com OR would consider seller financing 10% of the deal so that buyer only has to put down 10% vs. typical 20%.
Rents total $2,315 per month
• Apt 1 $670 heat and elec / washer, dryer, dishwasher
• Apt 2F $550 heated
• Apt 2R $545 heat and elec
• Apt 4 $525 heated
Cap rate 10% based on purchase price below:

PRICE: $160,000

For more information about this and other income producing properties see www.realestateme.com