Located in desirable 06053 zip code. Solid brick 3-family with many updates: Roof, Windows, Electrical, Hot Water Heaters and Furnaces (natural gas heating). Approximately 4,032 square feet with large unit sizes. Each unit has two spacious bedrooms, full bath, large dining and living room, and kitchen. Walk-up attic for storage or other use. Oversized lot 0.34 acres with larger rear yard. Excellent Tenants that pay rent on-time every month (very rare and remarkable in today's economy). Rents are below market value. First floor tenant month-to-month. Second and third floor leases expire September 2021. Tenants are responsible for their utilities (heating, electricity, etc.). Landlord pays cold water, property taxes and exterior insurance. Market rents range from $1,250 to $1,450 per month for these larger size units that consist of approximately 1,344 square feet each. Excellent Market Cap Rate 9.5% with a GRM of 96. Please follow COVID Safety precautions: per tenant request, please make sure all visitors are wearing masks, maximum of 3 people for showings. Do Not disturb Tenants: Please do NOT walk/drive go onto property until you have confirmed schedule showing.
Courtesy of: Cantone Real Estate Listing information provided courtesy of SmartMLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS.