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Property Description
Building completely renovated top to bottom! This is a great opportunity to buy a well-maintained investment property! Solid 2-story brick building in North Riverdale neighborhood; Located in strong rental neighborhood, close to parks, bike path, and bus routes; Four 2-bedroom apartments; Updates include: • New roof • New gutters and downspouts • Freshly painted exterior trim • Vinyl replacement windows • All new electrical panels • 4 new gas furnaces • 4 new gas water heaters • New flooring and fresh paint in interior common areas; All apartments updated: • new kitchen and bathroom cabinets and fixtures • new carpet and vinyl flooring • fresh paint • new refrigerators and electric ranges • new window A / C units • new paddle fans; Each tenant has access to a locked storage bin in basement; Plumbing and electric service available for each unit to have individual washer and dryer hookups in basement at tenants’ expense; Off-street parking in rear lot; Tenants pay gas and electric; landlord pays water / sewer and trash removal; All units vacant and ready to rent; HUD Section 8 Housing Choice Voucher program allows up to 1, 284 / month for 2-bedroom units in this zip code; this property easily generates positive cash flow