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5 unit cash flowing apartment building. This is a rare opportunity to own a cash flowing property with that is well maintained and currently below market rents. This building is 3 one bedrooms apartments and 2 two bedroom apartments. Gross yearly revenue when fully occupied is $56,100 and that's not even up to market rates! Market rent for one bedroom is approximately $1050 and for a two bedroom $1200, that's a gross rent of $66,600. All units except for the 1st floor share utilities which is paid by the landlord. Room to improve value/cash flow by separating utilities. Front unit tenant just moved out after long term tenancy. The unit is ready for value add upgrades, don't miss this opportunity to add this cash cow to your portfolio.
Listed by Marlon C. Belfon of Realty One Group Focus

Property Details of 124 W Baltimore Avenue

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