Well maintained 48 unit apartment complex consisting of 12 studio apartments ($450 p/month), and 36 large 1 bedroom units ($550 p/month). There are 20 underground parking stalls ($30 per month). Property contains a freight elevator, passenger elevator, furnished common areas, coin operated washers/dryers, and storage in basement for Tenants. Landlord pays for boiler heat and water usage and Tenant pays for electric usage and cooking gas. Financials available upon request from qualified buyer. Offered at 12.2% CAP.
The 9th Street Manor offers eight, large, one bedroom units with a potential ninth unit in the basement (currently used as property management office). There are three units on the main floor, three units on the second floor, and two more on the third floor. Rents currently range from $425-$500. Landlord pays for the heat and water usage in the building and the Tenant pays for its electric and cooking gas usage. There are two (2) fifty (50) gallon water heaters, coin-operated washers and dryers, and a secured entrance.