Property Description

Fully occupied 5-Plex for sale with many recent updates featuring five large 2-bedroom units generating $3,585 in monthly income with a solid history of long term tenants & few vacancies. Overall great condition with brand new $45,000 roof in 2021 & parking lot. Most units have been updated over the past 4 years with flooring, paint, some fixtures, and appliances. The 4 above ground units rent for $750 a month and pay their own electric & heat, basement unit rents for $500 a month with owner paying all utilities. Owner pays garbage, water, sewer, basement unit utilities and common areas. Each of the three separate garage stalls rent for $25-$30 a month. Seller owns the coin washer/dryer set for around $400-$500 in additional income annually. Great location close to Downtown and SCSU. Tenants will enjoy the fenced in backyard with firepit, adequate off street parking, onsite washer/dryer and full basement for storage. Ideal turn-key investment property in good condition with solid tenants for immediate cash flow.