List Price: $1,618,000 | $204 per sq.ft. Multi Family
Price Change! Reduced by $181,900 down 11% on September 30th 2024
A 9 Unit Multi Family Home
With 1 One Bedroom Units , 4 - Two Bedroom Units ,4 - Three Bedroom Units on Cocheco River Listed Friday Apr 26, 2024 | MLS# 4992989


9-Unit 9% Cap CASH COW Investment Portfolio Including 9-11 Ela Court and 38-40 Lafayette Street. Producing an 9% Cap Rate with strong rental history. Consisting of 1-4 unit building. The single family, Duplex and Triplex buildings offer a great opportunity for condo conversion. Great location walking distance to town. Almost all of the units 8/9 have been recently renovated. Monthly income of approximately $15,125.00. Bonus 4 Bay Garage offers the opportunity for another stream of rental income.
Annual Expenses

Taxes: $0
Income
Gross Income | $183,300
Appliances : Water Heater – Domestic | Water Heater – Electric

UNIT 1

Beds: 3
Baths: 1
Rooms: 6
Tenant Pays : Electric,Heat
Rent : 2250.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased

UNIT 2

Beds: 3
Baths: 1
Rooms: 5
Tenant Pays : Electric,Heat
Rent : 1900.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased

UNIT 3

Beds: 2
Baths: 1
Rooms: 5
Rent : 1625.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased

UNIT 4

Beds: 2
Baths: 1
Rooms: 5
Rent : 1600.00 Monthly
Lease Term : Annual

UNIT 5

Beds: 2
Baths: 1
Rooms: 5
Tenant Pays : Electric,Heat
Rent : 1600.00 Monthly
Lease Term : Annual
Signed Lease : Yes

UNIT 6

Beds: 2
Baths: 1
Rooms: 5
Tenant Pays : Electric,Heat
Rent : 1600.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased

UNIT 7

Beds: 2
Baths: 1
Rooms: 0
Tenant Pays : Electric,Heat
Rent : 1650.00 Monthly
Status : Leased

UNIT 8

Beds: 1
Baths: 1
Rooms: 3
Tenant Pays : Electric,Heat
Rent : 1650 Annually
Lease Term : Annual
Signed Lease : Yes
Status : Leased
Construction: Wood Frame
Year Built: 1882
Style: Multi-Family | Multi-Level
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 12595
Above Grade Sq.Ft.: 7929
Basement: Concrete | Stairs - Interior | Unfinished | Stairs - Basement
Foundation: Block | Brick | Concrete | Fieldstone | Granite
Roof: Shingle - Asphalt
Seasonal: No
Heating: Hot Air
Cooling: Central AC
HeatFuel: Gas - Natural
Electric: Circuit Breaker(s)
Utilities: Cable - Available
Electric Meters: 9
Water: Public
Sewer: Public
Land Information
Level | River | River Frontage
Lot size: 0.51 acres
Zoned: residential)
Surveyed: Unk
Flood Zone: Unknown
Roads: Paved
Driveway: Paved


Easement - Unknown
Block - 0038
Taxes $0
Assesed Value Not Reported
Schools

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