3390 E 149th Street

Description

***Great Investment Opportunity*** 6 unit incoming producing property bringing in $2,375/mo that's $28,500/year. There is opportunity to increase rents and with a little TLC this property can exhibit its full potential. Tenants have been in place longterm and would like to stay. Property is brick and has great bones. Roof is under 10 years old. There are 4 of the 6 hot water tanks that are new and the furnaces are older but still work well. Each unit is a 1 bed 1 bath and some units have been recently updated. Owner pays electric in common areas such as hallways and basement. Tenant pays their own electric, gas. The water & sewer bill is received by the seller and split amongst tenants respectively. Seller has a 3 year contract in place with Republic in order to do trash collection. Seller pays $110.37/mo for trash collection with Republic Services.