Value add opportunity with existing income in place.
This investment opportunity features an 8 unit rooming house with 2 commercial spaces in the first floor
Barber shop has been in business for a long time.
The second commercial space is available for lease which will provide available income.
Great location with high traffic count on Burnside Ave.
The second asset is a traditional 4 family property needs rehab. There is a tremendous value add through remodeling and updating units.
Off street parking available for 8 cars
The in place CAP Rate is 7.2 %. The ARV once the asset is brought to its fullest potential over 13 % CAP.
Listing Agent: Lisa Cozzi Courtesy of: Berkshire Hathaway NE Prop. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2022 SmartMLS, Inc. Updated: 3rd February, 2023 7:14 AM (UTC)
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