Listing Description
Excellent opportunity to own a 8-unit multifamily property with lots of CashFlow. Separately metered utilities. The building features a mix of (4) units with 5 rooms, 2 beds, 1 bath and (4) units with 4 rooms, 2 beds, 1 bath, totaling 9 rooms, 16 bedrooms, and 8 full bathrooms. Gas furnaces and electric meters are separate for each unit, with tenants responsible for their own gas and electric. Back building includes a separate water heater, also paid by the tenant. Building electricity is minimal at approximately $30/month. All windows were replaced in 2016. Roof is approximately 15 years old. No central AC - window units provided by tenants. No garage on site. This is a well-structured property with great upside for investors seeking strong rental income and minimal landlord-paid utilities. *The property taxes do not represent a Homeowner Exemption.* Note: The units identified as: 5656 S Marshfield Ave (Units 1N & 2N), 5658 S Marshfield Ave (Units 1S & 2S), 1638 W 57th St (Units 1E & 2E), and 1640 W 57th St (Units 1W & 2W). Owner will consider seller financing.