This property is 3 different lots. There is a tri-plex with 3 rental units, with rents of $4625 per mo. There is a home behind the tri-plex which rents for $1750 per mo. and another home behind that home that rents for $1950. in addition, there is a vacant lotto the East that is approx. 100 ft. and 40 feet in Center Street. There is a gross scheduled rental income of $99,900 at current rents which are low. The expenses of taxes @ $4260, sewer is $12,000 per year, and insurance of $3461. Tenant pays for their own water and electrical. Property is currently managed for the absentee owner. if you manage yourself, it can be a great investment with good cash flow. (9% cap rate at present.) Contract available.
Listing Provided Courtesy of Rob Mitchell, Windermere Prof Partners
General Information
NWM2370493
Single Family Residence
51
DOM
1
10001.38 SqFt
1
6000
1970
Pierce
Stanley
Foss
Residential
Single Family Residence
Listing Provided Courtesy of Rob Mitchell, Windermere Prof Partners
Krishna Realty data last checked: Sep 03, 2025 23:25 | Listing last modified Jul 22, 2025 13:50,
Source:
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Residence Information
6000
1
1
0
1
Composition
12 - 2 Story
1970
Poured Concrete
Features and Utilities
See Remarks
Wood, Wood Products
Public
Sewer Connected
Financial
4260
Conventional
05-05-2025
Comparable Information
51
51
Conventional
$875,000
$875,000
Jul 22, 2025 13:50
Schools
Elementary : StanleyN/ARatings High : FossN/ARatings
This property is 3 different lots. There is a tri-plex with 3 rental units, with rents of $4625 per mo. There is a home behind the tri-plex which rents for $1750 per mo. and another home behind that home that rents for $1950. in addition, there is a vacant lotto the East that is approx. 100 ft. and 40 feet in Center Street. There is a gross scheduled rental income of $99,900 at current rents which are low. The expenses of taxes @ $4260, sewer is $12,000 per year, and insurance of $3461. Tenant pays for their own water and electrical. Property is currently managed for the absentee owner. if you manage yourself, it can be a great investment with good cash flow. (9% cap rate at present.) Contract available.
