Property Description

UNLOCK A LUCRATIVE INVESTMENT OPPORTUNITY: Own a Classic 6-Unit Multi-Family Gem in Central JP! This exceptional 6-unit multi-family building in the heart of JP. Prime location just minutes from the train station & the vibrant shops of Centre St., All units in this classic central entrance building are currently leased, offering immediate income potential. Spacious 1-bedroom/4-room unit features a generous living room, dining room & kitchen, private bedrooms at the rear of each unit provide a peaceful retreat. Major renovations undertaken in 2002 ensure that this property is well-maintained & move-in ready. A newer heating system, vinyl siding & newer windows contribute to its energy efficiency & overall appeal. With 5 of the 6 units currently TAW & rents currently below market value, there is tremendous potential for increased revenue. The pro forma for Fiscal Year 7/25 projects an impressive annual gross income of $183,000 & a promising cap rate of 6.2%.

Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 9
  • Total Bedrooms: 6
  • Total Full Baths: 6
  • Amenities: Bike Path, House of Worship, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Tennis Court, T-Station, University, Walk/Jog Trails
  • Basement Features: Full
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Crown Molding, Storage, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Dishwasher, Disposal, Dryer, Refrigerator, Washer
  • Common Heating: Central Heat, Common, Electric Baseboard, Ground Source Heat Pump, Hot Water Radiators, Humidifier, Oil, Radiant, Steam

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 183000
  • Gross Expenses: 25002
  • Electric Expenses: 1827
  • Water/Sewer: 2779
  • INSC: 6076
  • Repairs & Maintenance: 5511

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Insulated Windows
  • Utility Connections: for Electric Dryer, for Electric Oven, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: BWSC

Unit 1 Description

  • Included in Rent: Heat, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1905
  • Type: 5+ Family - 5+ Units Side by Side
  • Construction Type: Aluminum, Frame
  • Foundation Info: Granite
  • Roof Material: Rubber
  • Flooring Type: Hardwood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73343796
  • Last Updated: 03/11/25
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/11/2025New$2,300,000$461MLSPIN

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Seller's Representative: Bunny Cecchetto, Focus Real Estate
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.5
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-03-11 11:44:00

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