
Courtesy of: Christine Serafini, Miranda Real Estate Group Inc, SerafiniSellsHomes@gmail.com
$350,000
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6 bed
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4.00 Bath (4 Full)
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Lot: 0.08 Acres
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Other
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$350,000
1405 State Street Fantastic investment opportunity! Investor owned for 20 years and now it is someone else's turn! This well-maintained 4-unit building offers strong positive cash flow in a prime location on the bus line. The property consists of two 1-bedroom apartments and two 2-bedroom apartments, with room to grow to market rents and increase your return. Each spacious unit features large rooms, eat-in kitchens, beautiful woodwork with classic columns and built-ins, hardwood floors, bay windows, and ceramic tile finishes. Tenants pay their own hot water and electric, while the owner provides heat, currently on a NIMO budget plan of just $298/month, keeping expenses predictable and manageable. Gas hot water radiators provide efficient heating. Additional highlights include a roof that is only 3 years old, vinyl siding, and separate utilities. Conveniently located near shopping, dining, and major routes, this property offers both solid income and long-term upside. A turnkey addition to any investor's portfolio with built-in value-add potential!
Courtesy of: Christine Serafini, Miranda Real Estate Group Inc, SerafiniSellsHomes@gmail.com
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