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Listed by Mike Kalil of Watson Realty & Associates, PLC
Great income producing property, Gross yearly income $38,700 , yearly expenses $ 14,402 which includes management fee of 7% and vacancy 5% , NOI is $24,298, CAP RATE at asking price is over 14% . The property has been maintained pretty nicely over the years, some of the improvements are updated electrical with GFIs inspected by state, outside of the house south side re- shingled(2017) dormers re-shingled 2007, Sill replacement one side, support posts in basement, replacement insulated windows, New OIL TANK, new hot water heater, new exterior lighting, New storage shed and many more interior improvements including all newer appliances .

Property Details of 2 Cottage Street

Property Details

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