84-88 Academy St: Currently brings in $11,100 monthly. The five units in 84 Academy are making a total of $6900, the two bedrooms downstairs are $1500 each, and the upstairs one-bedrooms are rented for $1300 each. The back house is still empty. In the triplex of 88 Academy, the two-bedroom makes $1600, and the one-bedrooms upstairs is rented for $1400 and $1200. Three buildings are being offered and sold together as one package with nine units. This listing comprises one single-family residence (the single-family and five-family buildings require TLC) with five bedrooms, two full baths, its own utility meter, and oil for heating. A five-family building with two two-bedroom units on the main level and three one-bedroom units on the top level, including access to a finished attic space in the hallway. Each unit has electric baseboard heat and five utility meters. Also included is a triplex with a beautifully renovated two-bedroom unit on the main level (the tenant pays the common area charges) and two one-bedroom units on the top level. The triplex has brand-new ductless AC units for heat and AC. For the single and five-family residences, the landlord pays $14,668 for taxes ($1224 monthly), $485 for water quarterly/every three months, $38 per month for common area electricity, and $2080 annually for insurance. For the triplex, the landlord pays $8,232 for taxes ($686 monthly), $256 for water quarterly/every three months, and $1080 annually for insurance with no common area expense (tenant pays the common area). Close to Highway 17, schools, and local shops and amenities! Call today to schedule a private showing! The projected cap rate is 10-11%.

Listing courtesy of ONEKEY / Keller Williams Realty

Last checked: Checking… • Last updated Apr 18, 2024 • Source: ONEKEY

MLS# H6260283 — Report a problem