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Key Facts

Type Rooming House
Levels Residential Income
Size 4570 sqft
Garage No
HOA Fees 
Taxes $13,834
Days Active 4
Approx. Age 1892
Avg. Price Per Sqft $217
MLS® Number 24128822

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Excellent Investment Opportunity! This historic and well-maintained apartment building offers an exceptional chance to expand your portfolio with a strong performing asset. Spanning approximately 4, 570 sqft., the property features 15 residential units plus an on-site office, ideal for property management convenience. This building offers a varied floor plan of efficient studio units, appealing to a wide range of tenants, each with private bathroom and kitchenette. With an estimated cap rate of 9.8%, this is a rare opportunity for investors seeking both stability and cash flow. Key property features include: * Central air conditioning & gas heat * Separate HVAC systems for each side of the building * Security cameras & centralized fire safety system * Fire suppression system in the basement * Individual mail and key boxes for residents Originally constructed in 1892 as two duplex homes on land acquired from the estate of P.T. Barnum, this building carries unique historical charm while offering modern updates for today's rental market. Perfectly located across from the Klein Memorial Auditorium (Performing Arts Center) and within close reach of I-95 and public transportation, shopping, parks, and beaches, this property provides unmatched convenience for tenants.Don't miss this chance to own a piece of history with strong investment returns!Show Description
MLS® Number24128822
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1892
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatNatural Gas, Hot Water
A/CCentral Air
Heating Fuel

Extras

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