Description
6-Flat Multi-family investment in Addison with great return on investment. Highly rentable area. 100% occupied - Fully Rented! 6 units are 1 Bed/1 Bath and 6 units are 2 Bed/1 Bath. Tenants pay their own electricity. "OTHER EXPENSES" include $900/year for exterminator, Laundry equipment rental $490/year and association $3290/year. The association handles all lawn care and snow removal and the trash, so association fee is reasonable. The association handles all lawn care and snow removal. Note regarding insurance: This owner chose to get an upgraded insurance policy, but new owner could lower their insurance cost a lot by having the more basic policy that other owners have in this area. Leased coin laundry in the building provides additional revenue. Units are all in good working order. May be purchased with 840 College (MLS #10940682), for a package deal! Excellent reliable steady cash flow! Make an offer today!
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