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Investment Highlights
- Solid brick masonry construction
- All units are in great condition
- Six-unit configuration with four units in the main building and two in a separate carriage house.
- Income-generating property offering operational efficiency for investors
Executive Summary
This well-maintained six-unit multi-family property combines character and stability in a desirable residential setting. The main structure features four thoughtfully configured units within a classic brick masonry building, offering durability and timeless architectural appeal. Additionally, a separate carriage house contains two additional units, creating a diversified unit mix and multiple income streams within a single asset. Each unit is reported to be in great condition, minimizing near-term capital expenditure needs. The presence of distinct living spaces across the main building and carriage house provides functional flexibility, appealing to a wide tenant base. This dual-structure configuration enhances long-term tenant retention and income stability while providing potential upside through incremental upgrades or repositioning strategies.
Investors will appreciate the enduring quality of brick masonry construction, coupled with a layout that balances privacy and community living. With multiple units already performing and property upkeep well managed, this asset offers both current cash flow and future growth potential. Secure a historically appealing property that delivers strong functionality for modern tenants and stands as a valuable addition to any multi-family portfolio.
Investors will appreciate the enduring quality of brick masonry construction, coupled with a layout that balances privacy and community living. With multiple units already performing and property upkeep well managed, this asset offers both current cash flow and future growth potential. Secure a historically appealing property that delivers strong functionality for modern tenants and stands as a valuable addition to any multi-family portfolio.
Property Facts
| Price | $899,900 | Apartment Style | Low-Rise |
| Price Per Unit | $149,983 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.78 AC |
| No. Units | 6 | Building Size | 7,537 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1870 |
| Zoning | 37VC | ||
| Price | $899,900 |
| Price Per Unit | $149,983 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.78 AC |
| Building Size | 7,537 SF |
| No. Stories | 2 |
| Year Built | 1870 |
| Zoning | 37VC |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 3 | - | - |
| 3+1 | 1 | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 37-003-070 | Improvements Assessment | $35,520 |
| Land Assessment | $10,880 | Total Assessment | $46,400 |
Property Taxes
Parcel Number
37-003-070
Land Assessment
$10,880
Improvements Assessment
$35,520
Total Assessment
$46,400
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