Description
Great for the owner occupied or investor. This investment property is a turnkey 3 unit building near downtown Gardner. Its Comprised of three, three bedroom apartments, and has the potential of bringing in market monthly rents of $3600. This property has a stable tenant base with long term tenants. The building has seen a large number of capital improvements over the years and costs saving measures including, vinyl siding, upgraded windows to vinyl replacement, electrical upgrades, egress updates, and much more. While room for additional income exists, a gross income of $35,000.00 with low operating expenses, makes this a great investment for someone looking for a stable building that produces a solid return. Current ROI is 7.7% with a potential of 10% with rent increases. 3rd floor apartment will be left vacant for the potential of owner occupancy.
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