Unique opportunity to own a cash-flowing rental property with huge redevelopment opportunity! This 4 unit apartment boasts 3 - 2 bedroom units, 1 - 1 bedroom unit, and shared coin laundry in the furnace/utility room. Gross rents over 51,000 per year, and tenants are responsible for their own electricity (separate meters). With over 60 feet of frontage, this property just had its zoning changed to M-CG which allows for up to 6 units to be developed in the future. With no vacancy and rents increasing, you can take advantage of the cashflow while you plan our your new development. High efficiency furnace, vinyl windows, and many upgrades to the units throughout the years.
Courtesy of 2% REALTY.
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