List Price: $699,000 | $162 per sq.ft. Multi Family
Price Change! Reduced by $101,000 down 14% on November 4th 2024
A 3 Unit Multi Family Home
With 0 One Bedroom Units , 1 - Two Bedroom Units ,2 - Three Bedroom Units Listed Saturday Jun 29, 2024 | MLS# 5003027


Welcome to Franklin St in the heart of Brandon! This is a very large property that offers a great opportunity to occupy or add to your portfolio. If occupying with 10% down it is estimated that your cost would be just over $2k/month at current rates to live in the large four bedroom two bathroom unit off the back of the building. that includes taxes, insurance water, sewer, plowing, and rubbish removal. When/if interest rates fall to 5% you could live in this gorgeous 1900 square-foot plus unit for less than 1500/month. The other two units rented at $1,650 can help to offset your monthly payments. For the investor, you could see an annual return around 11% at current rates and about 23% when interest rates go to 5%. This property offers 3 nicely appointed units. The 2nd floor of this unit has the remaining bedrooms and second bathroom. All rooms are well sized and offer plenty of space. You can also enjoy the deck off the back to enjoy relaxing and making meals outside. The second unit located on the first floor is a three bedroom and one bathroom that is currently rented. The third upstairs unit has been recently updated with new kitchen cabinets and countertops offers two large bedrooms and one bathroom. The tenants pay all utilities helping to keep operating costs low. The property also has a large outbuilding for storage. The tenants have storage access to part of the building and an owner can utilize the rest for a shop or storage. Connect with your local agent today! Operating Expenses : Insurance,Snow Removal,Trash,Water/Sewer
Annual Expenses

Taxes: $3,403
Income
Gross Income | $75,600
NetIncome | $64,241

UNIT 1

Beds: 4
Baths: 2
Rooms: 0
Rent : 3000.00 Monthly

UNIT 2

Beds: 3
Baths: 1
Rooms: 0
Rent : 1650.00 Monthly

UNIT 3

Beds: 2
Baths: 1
Rent : 1650.00 Monthly
Construction: Wood Frame
Year Built: 1880
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 5550
Above Grade Sq.Ft.: 4320
Basement: Unfinished
Foundation: Stone
Roof: Shingle - Asphalt | Slate
Seasonal: No
Heating: Propane | Baseboard
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable
Electric Meters:
Water: Public
Sewer: Public
Land Information
Sidewalks
Lot size: 0.41 acres
Zoned: res)
Surveyed: Unk
Flood Zone: No
Roads: Paved | Public
Driveway: Gravel


Taxes $3,403
Assesed Value Not Reported
Schools

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