Prime investment with a 9.5% cap rate! This property consists of two buildings:
550 1st St E. - Built in 1952, this 7,572 sq.ft. building includes 8 units (six 2-bed/1-bath and two 1-bed/1-bath). Each unit has been updated, providing comfortable living spaces. There is potential in the basement to add shared laundry facilities and or storage.
536/538 1st St E. - Built in 1910, this charming 2,352 sq.ft. building features two spacious 2-bed/1-bath units (one on the main floor and one upper unit). The basement offers shared laundry facilities.
Opportunity for partial seller financing!
- Basement: Full
- Building Area: 8266.00 SF
- Cooling: Other A/C
- Cross Docks: N
- Exterior Description: Concrete Block
- Exterior Living Space: Courtyard
- For Auction: N
- Heating - Fuel Type: Electric
- Heating Type: Baseboard
- Lot Description: Corner
- Lot Size In Text: 0.35 Acres
- MLSID: 4022620
- Parking Places: 0
- Price Per Area: 120.98
- Price Upon Request: N
- Road Type: City / Town Street
- Sewer: Public
- Style: Other Style
- Sublease: N
- Tax Year: 2024
- Water: Municipal Water
- Year Built: 1910