Description
Beautiful buillding built in 1900 as a tavern and a hotel, currently serving as a rooming house consisting of 12 rooms, 4 bathrooms, 3 kitchenettes. There is a 2 room storage area with a half bathroom, which if desired, might be converted to additional rental. Large basement. Gross income is $90,480, net income is $68,691. Cap rate is 9.20%. Upgrades include new windows, new kitchenetts, roof replaced in 2016 on part of the building, and 2024 roof on other part of the building, newish paint and floors throughout the building. Building is well maintained. Localed in desirable area, close to bus stops, shopping centers, it has all long term tenants carefully selected from multiple applications.Also for sale on MLS # PANH2007612 (Multi Unit)
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
Description
Beautiful buillding built in 1900 as a tavern and a hotel, currently serving as a rooming house consisting of 12 rooms, 4 bathrooms, 3 kitchenettes. There is a 2 room storage area with a half bathroom, which if desired, might be converted to additional rental. Large basement. Gross income is $90,480, net income is $68,691. Cap rate is 9.20%. Upgrades include new windows, new kitchenetts, roof replaced in 2016 on part of the building, and 2024 roof on other part of the building, newish paint and floors throughout the building. Building is well maintained. Localed in desirable area, close to bus stops, shopping centers, it has all long term tenants carefully selected from multiple applications.Also for sale on MLS # PANH2007612 (Multi Unit)
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