945 Washington Ave

Superb location with public amenities and transportation. Impeccable condition with major updates. Roof, HVAC, HWT and interior elements of each unit, Cabinets in kitchen, baths appliances updated in 7 units. HVAC updated in 9 units -11 one bedroom one bath units with on site parking and public transportation line. Landlord pays, Common area gas and electric, water, sewage and garbage. All units offer separate meters for electricity. Increase in rents occurs as leases are renewed. One year minimum leases with several month to month but most have been long term tenants. On site laundry and storage for each unit. Fully leased. Minutes to shopping, dining, worship and community resources. Security doors for building and solar flood lighting. One unit not listed 875.00 1 BR 1 Bath Total rent $10,595 / month Miscellaneous Income $ 2400 per year approximately. With all units increasing to 1100/ month with new owner or renewal of leases- annual income increases to146821 at a 7.5 cap rate.