Investors take notice! This well maintained 5 unit apartment building has a cap rate of over 10% and rents have the potential to be increased. Four out of the five units have been renovated in the last five years including flooring, replacement windows and new appliances. A high efficiency propane boiler was installed in 2018. Located on a .64 acre city lot, the building has a large shared backyard as well as three units having separate fenced in outdoor living spaces. Each unit has two off street parking spots. The building has shared coin op washers and dryers as well as separate indoor storage units. All units are occupied with many long term tenants. Currently utilities are included for all units except unit 5 pays for electric. However, unit 5 and 6 have separate heat and electric that tenants could pay.

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Property Details of 49 Terrill Street

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Josiah Allen, Dorset