Fantastic as a Multi-Family Compound on parklike in town half acre lot. Short stroll to Dykes and wineries. 9 Bedrooms 5 baths comprised of 3 - 2 Bedroom Units and 1 - 3 bdrm with 2 Ensuites. Good rental history In great condition. Minutes to downtown amenities. Units A & B have their own Laundry, Units C & D share a Washer & Dryer in common area. Roof re-shingled September 2020. Since 2021 approx $150,000 invested + Turned over lower rents. In 2022 Main floor Unit A, with 2 bdrm/2 ensuite + den, has new kitchen & bath, new flooring, new deck, patio door, lighting - some new drywall, plumbing, electrical, 2 barn doors - Painted throughout. Unit A is 1300+ sq ft, higher end finishes, shows beautifully and with utilities in can expect $2500/mth. Property in general has 3 new toilets, new sewer lift pump and lateral to municipal street connection. New heat pumps in all units, Exterior fully painted in 2021. Unit B is a fully furnished fixed term rental, currently renting at $2000/mth incl utils. Unit C has covered patio, walks in at grade, is freshly painted and has electric fireplace in Living Rm, previously rented at $1650 + utils. Unit D is freshly painted and has 1 year fixed term lease at $1650 including util's. Both C & D units have own panels. Expected Net Income Approx $70,000. Listing agent is co-owner of VK Connell Investments
Listing Sub-Area:
Kings County
Property Type:
Multi-Family
Multi-Family Type:
Fourplex
Title To Land:
Freehold
Building Dimenions:
Irreg
Outside Dimenions:
TBD
Lot Size:
20,430 sq. ft.1,898 m2
Prop Size:
0.5 to 0.99 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
2
Year built:
1984
(Age: 41)
# Floors:
2
Exterior Finish:
Wood Siding
Foundation:
Concrete
Basement:
Full, Partially Developed, Walkout
Floor Finish:
Carpet, Ceramic, Vinyl Plank
Roof:
Asphalt Shingle
Heating:
Baseboard, Heat Pump -Ductless
Fuel:
Electric
Parking:
Yes
Parking Description:
2 Paved Areas
Driveway:
Multiple Driveways, Parking Spaces(s), Paved
Water Supply:
Municipal
Water And Sewage:
$700
Sewer:
Municipal
Num Units:
4
Num 2 Bed Units:
3
Num 3 Bed Units:
1
# Of Dishwashers:
2
# Of Dryers:
3
# Of Fridges:
4
# Of Microwaves:
2
# Of Stoves:
4
# Of Washers:
2
Rental Income:
Yes, 7800
Approx. Net Income:
71015.15
Insurance Expense:
$3752
Taxes Costs:
7660.
Snow / Garbage Collection:
$1600
Heating Bill:
before Heat Pumps install
Electricity Bill:
8872.85 includes Heat
Approx. Total Expense:
22584.85
Approx. Total Income:
93600
Air Conditioning, Apt Conforming, Cable, Ensuite Bath, Laundry, Multi-Use Rooms, Secondary Suite