Description
Hard to find new multi-family construction. This is one of 4 to be built on a private lane, making it worth taking a serious look at....think 5.5 cap. Expected completion spring 2024. This property is a 1350 sf 3bd 2ba main home and a 992 SF 2 bd 2 ba 2nd unit. All bedrooms are upstairs with 2 full baths and a downstairs powder room. Discount to buy all 4 duplexes. Projected Annual income $230,000 for all 4 duplexes. Expenses Taxes $30,000 Insurance $8000 Management $12,000 Maintenance $5000 Vacancy $10,000 Projected NOI $165,000.
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3BEDS
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0.17ACRES
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2BATHS
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11/2 BATHS
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1,350SQFT
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$547$/SQFT
School Information
Description
Hard to find new multi-family construction. This is one of 4 to be built on a private lane, making it worth taking a serious look at....think 5.5 cap. Expected completion spring 2024. This property is a 1350 sf 3bd 2ba main home and a 992 SF 2 bd 2 ba 2nd unit. All bedrooms are upstairs with 2 full baths and a downstairs powder room. Discount to buy all 4 duplexes. Projected Annual income $230,000 for all 4 duplexes. Expenses Taxes $30,000 Insurance $8000 Management $12,000 Maintenance $5000 Vacancy $10,000 Projected NOI $165,000.
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