SOLD $825,000 - Apartments, MultiFamily
RG REALTY INC and Roberto Gonzalez are pleased to present for sale this incredible owner/investor opportunity! Currently fully occupied, TENANTS PAY UTILITIES . The subject property is located in the County, NO CITY TAXES, on the southeast side of Virginia Ave. (Rt.11) NESTLED IN WOODED AREA IN REAR. Popular neighborhood with a superior location to any comparable property in the area. The subject property is composed by multiple structures on site as follows: (3) three separated buildings on the 1.31 acres, ZONED COMMERCIAL JUST AROUND THE CORNER FROM VALLEY MALL. totaling 5 units. FULLY LEASED $7,377 A MONTH. This is a quite an opportunity to invest in rental properties all in one location.
BUILDING #1 is the original structure. It is a converted single family house containing 3 UNITS as follows:
1/2 DBL with 3 bedrooms one bath, currently rented for $1,850.00
Two BEDS, One BATH #1 1st FLR, currently rented for $ 950.00
Two BEDS, One BATH #2 2nd FLR, currently rented for $1,000.00
BUILDING #2 consist of a large one story Ranch style single family home with a 20′ utility room/storage area, with electric baseboard heat currently leased for $1400.00 a month.
BUILDING #3 on the rear of the property, a frame design two levels home, currently leased for $2,200.00
In addition, there is a Cinder/block two car garages that can be rented separately for an additional income.
All buildings are generally in good condition and functional. There is a large parking area in the center of the property to accommodate the tenants and visitors vehicles. Property offers easy ingress/egress off Virginia Ave. This market area continues to grow with no evidence of any pending change.
