Description
Hard to find new multi-family construction. This is one of 4 to be built on a private lane, making it worth taking a serious look at....think 5.5 cap. Expected completion spring 2024. This property is a 1350 sf 3bd 2ba main home and a 992 SF 2 bd 2 ba 2nd unit. All bedrooms are upstairs with 2 full baths and a downstairs powder room. Discount to buy all 4 duplexes. Projected Annual income $230,000 for all 4 duplexes. Expenses Taxes $30,000 Insurance $8000 Management $12,000 Maintenance $5000 Vacancy $10,000 Projected NOI $165,000.
Location
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Data maintained by MetroList® may not reflect all real estate activity in the market. All information has been provided by seller/other sources and has not been verified by broker. All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. All interested persons should independently verify the accuracy of all information. All real estate advertising placed by anyone through this service for real properties in the United States is subject to the US Federal Fair Housing Act of 1968, as amended, which makes it illegal to advertise "any preference, limitation or discrimination because of race, color, religion, sex, handicap, family status or national origin or an intention to make any such preference, limitation or discrimination." This service will not knowingly accept any advertisement for real estate which is in violation of the law. Our readers are hereby informed that all dwellings, under the jurisdiction of U.S. Federal regulations, advertised in this service are available on an equal opportunity basis. Updated: 3rd December, 2023 2:42 AM (UTC)
Data maintained by MetroList® may not reflect all real estate activity in the market. All information has been provided by seller/other sources and has not been verified by broker. All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. All interested persons should independently verify the accuracy of all information. All real estate advertising placed by anyone through this service for real properties in the United States is subject to the US Federal Fair Housing Act of 1968, as amended, which makes it illegal to advertise "any preference, limitation or discrimination because of race, color, religion, sex, handicap, family status or national origin or an intention to make any such preference, limitation or discrimination." This service will not knowingly accept any advertisement for real estate which is in violation of the law. Our readers are hereby informed that all dwellings, under the jurisdiction of U.S. Federal regulations, advertised in this service are available on an equal opportunity basis. Updated: 3rd December, 2023 2:42 AM (UTC)
Listing Agent: Scott L Williams
Listing Office: Scott L. Williams Real Estate
