Amazing opportunity!!! Add this gem to your portfolio and you will see a 10% Cap Rate. 3112 Frankford Ave consists of 5 legal units and 2,850 sq/ft with newer upgrades throughout – even the fire alarm was just upgraded, everything is BRAND NEW with certification received September 2022! Utilities are separate for each unit amongst the building. Tenant is paying electric and cooking gas, owner handles water and heat. Heater is only 5 years old. All units lead safe tested in 2021. Month by month rent: 1F $835, 1R $795, 2F $695, 3F $830, 2R and 1R $800, total $3960 monthly, annual $47520. Up to date rent should be: 1F $940, 1R $800, 2F $830, 2R $800, 3F $900, total $4270 monthly, annual $51,240. Schedule your showing today!!! This property will not last.
Courtesy of: Coldwell Banker Realty Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 8th February, 2023 7:58 AM (UTC)