358 Curtiss Street

Rare Opportunity that may not come around again. Its been in the family almost 40 years and time to retire. 19 Room Boarding house in the shadow of the central terminal. Tenants are month to month. All rents are $335-350 per month. last months gross rental income was $6600. Tenants have a private room with bed and sheets supplied and are allowed a mini fridge and microwave at tenants expense. There are 4 shared bathrooms and no access to a kitchen. There is an additional apartment that is more traditional with 1 bedroom, living room and kitchen. pics show this apartment. Its currently used as the owners office but has been provided to a tenant who has performed house management duties in the past but could be rented out for additional income. There is very little maintenance since there is only 4 baths and no kitchen access. There is 1 boiler (approx 10 years old) to heat the rooms and 1 hot water tank. There is laundry in the basement but no access given to tenants. There is a 3rd floor walk up attic used for storage with no access by tenants. Occupancy rate is typically over 95% with most tenants being long term. There will be no in person visits allowed prior to offer presention. Winning bid will have 48 hours to tour the property with the owner and ask questions and decide if they wish to move forward. No guarantee how many rooms will be available for inspection if any. Winning bid will be guaranteed access to basement, attic, office/apt, bathrooms and hallways. DO NOT approach the property or tenants as they are unaware of the sale. Great money maker at almost $80k per year but may not be for everyone. Must register with city as approved landlord. sale is not to be contingent upon this. seller to provide a year to date written rent ledger to winning bid. No tax return info provided. Property being sold as-is.