Incredibly rare cash-flowing 4-unit in Bethlehem School District
Investors take notice! This is an incredibly rare opportunity to own a cash-flowing 4-unit in Bethlehem School District.
$38,580 in total annual income. Buy it for cash flow or move in, have the other three tenants cover your mortgage, and STILL make a profit!
The property has been meticulously maintained. Apt 1 completely remodeled in 2017: cabinets, counter tops, stainless appliances, carpets, windows, bath. Other updates in other apartments as well. Brand new roof 30-yr Owens Corning architectural shingle - $20k value. Great return on investment! Rents could be higher.
Apt 1 - $900/mo - Leased until 4/30/18
Apt 2 - $670/mo - Month-to-Month (available 3/1/18)
Apt 3 - $795/mo - Leased until 11/30/18
Apt 4 - $850/mo - Month-to-Month (available 3/1/18)
Annual Income: $38,580 (actual)
Annual Expenses:
- Oil expense: $3,340 (actual)
- Taxes: $3,956 (actual)
- Insurance: $1,500 (estimated)
- Electric expense: $360 (estimated)
- Snow plowing expense: $500 (actual)
Located in the Town of New Scotland, Village of Clarksville - 20 minutes from downtown Albany on Delaware Avenue; 10 minutes from Bethlehem High School.