-Opportunity to purchase a stunning 14 unit apartment building located in Clifton Heights across the street from Clifton Park at the corner of Columbia and Clifton.
-Built in 1928 this building also comes with a large build-able lot adjacent to the building, the total lot size is 1/3 acre.
-The building consists of 11 one bedroom apartments, 2 two bedroom apartments and 1 efficiency.
-These apartments are rented under market rent for the neighborhood, updated 2 bedroom apartments rent for $750-$800, with updated 1 bedroom apartments renting for $650-$700 and efficiencies renting for $450-500.
-Currently 13 of the 14 apartments are rented for $6,604 a month and $79,248 annually.
-2015 Gross Income was $76,014
(includes cleaning, trash, snow, pest)
(includes electric, water, sewer, gas)
-With minor cosmetic updates and rented at market rent the apartments could rent for $9,100-$9,800 a month and $109,200-$117,600 annually.
Asking Price $840,000
Paying buyers agents 2.5%
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