New roof August 2018 and most of the windows are vinyl replacement windows. Three family building with the potential rental income of $32,100, expenses are an estimated $12,062 per year giving you an NOI of $18,433 which includes a 5% vacancy factor. At current list price cap rate is 10.5% and the cash on cash return is an estimated 20.4%. Tenants pay their own heat and electric while the landlord pays for hot water for all units in which water heater is relatively new.
Listing courtesy of CENTURY 21 HOMETOWN ASSOCIATES (LENOX).