Vacant 24’ wide 6-unit three story apartment building for $2.000.000

A 24’ wide 6-unit (free market), three story apartment building. The units are all two-bedroom apartments with a living/ dining area a full kitchen and full bathroom. The apartments are individually metered for cooking gas and electric. All the meters are in the basement. The building has an oil boilers and gas water heater. The apartments have been vacant for over ten years. The units are located to the front and back of the building. The property needs a complete gut renovation.

Lot Size: 24’ x 100’ Building Size: 

Basement: 24’ x 67’ irr = 1,320 sq. ft. 

1st Floor: 24’ x 67’ irr = 1,320 sq. ft. 

2nd Floor: 24’ x 67’ irr = 1,320 sq. ft. 

3rd Floor: 24’ x 67’ irr = 1,320 sq. f

Stories: Three (3) Plus Basement 

Gross Square Feet: 3,960 (Approximately)

Above Grade Zoning: (FAR) Total Buildable Sq. Ft: 3000

 Real Estate Taxes:13.257.40

Total Annual Expenses $24,557.40

Net Operating Income: $142,842.6 

Net Operating Income: $142,842.6 CAP RATE: 7.1 %

Please find more details in the document attached