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Outstanding Investment Opportunity! This apartment building is approximately 4570 square feet with 15 units plus an office unit for property management. Apartments are various sizes, several have separate bedrooms, most are studio/efficiency units. Estimated cap rate is 9.27%. The building has central air, gas heat, security cameras, centralized fire safety, fire suppression in the basement and individual unit mail/key boxes. Originally built in 1892 as 2 duplex homes on land purchased from the estate of PT Barnum. Each side of the building has its own HVAC operation. The property is located across from the Klein Memorial Auditorium (Performing Arts Center), convenient to mass transportation, shopping, parks and beaches.
| Architectural style | units on different floors |
|---|---|
| New construction | no/resale |
| Construction year | 1892 |
| Exterior Siding | vinyl siding |
| Foundation | stone |
| Roof | asphalt shingle |
| Current price | $ 1,050,000 |
|---|---|
| Tax amount | $ 13,834 |
| Tax year | july 2023-june 2024 |
| MLS ID | 170605984 |
| Listing date: | November 02, 2023 |
| Status | active |
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