Description
512 - 510 Broadway is a 4 unit property with opportunity for increased net income. In-Place Rents are 30% - 35% below market with no CapEx required to achieve rental increase in residential units. Tenants are long term tenants on month-to-month leases and wish to stay. All units are SEPARATELY METERED for gas, electric, and water. Tenants are responsible for ALL UTILITIES - Including lawn care and snow removal. The first floor has 2 commercial units. The right side first floor commercial unit has the potential to be split into a commercial front unit with a back efficiency unit making this a 5 unit property. There are 2 residential 2 bedroom apartments each spanning the second and third floors with 1 apt. on the left and 1 on the right side of the building. The apartments have a second access through metal fire escapes. Yard and parking for 4 cars in the back of the building. City inspection has been completed.
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4BEDS
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0.14ACRES
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3BATHS
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21/2 BATHS
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4,760SQFT
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$128$/SQFT
Description
512 - 510 Broadway is a 4 unit property with opportunity for increased net income. In-Place Rents are 30% - 35% below market with no CapEx required to achieve rental increase in residential units. Tenants are long term tenants on month-to-month leases and wish to stay. All units are SEPARATELY METERED for gas, electric, and water. Tenants are responsible for ALL UTILITIES - Including lawn care and snow removal. The first floor has 2 commercial units. The right side first floor commercial unit has the potential to be split into a commercial front unit with a back efficiency unit making this a 5 unit property. There are 2 residential 2 bedroom apartments each spanning the second and third floors with 1 apt. on the left and 1 on the right side of the building. The apartments have a second access through metal fire escapes. Yard and parking for 4 cars in the back of the building. City inspection has been completed.
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