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Listed by Mike Kalil of Watson Realty & Associates, PLC
2 Buildings, 2 units in one building and the other building is a barn which was converted to a cute apartment on the second floor (owners) and the main level is just work shop and storage. the rents for this property are as follows $850 for each units in the front main house , owners apartment has never been rented but the rent is estimated to be $950 , the property is well cared for, it has newer furnace (Buderus) all electrical and plumbing is updated , roof is Slate no deferred maintenance , the property has great rental history very stable . yearly Gross income $ 31,800 using $950 a month for the owners apartment ..Yearly expenses $ 13,303 NOI $18,497 Cap rate at asking price is 12.3..

Property Details of 102 Gibson Avenue

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