EXTREMELY RARE OPPORTUNITY to purchase an all brick 10-Plex located in highly sought after Germantown. The property spans a full block at the corner of Ellison and Krieger (actual addresses are 1000 Ellison Ave and 1205-1215 Krieger St. Separate Meters (except water). 5 units with central air. 5 units with window/wall units. All units have gas furnaces. 3 new furnaces. 4 furnaces new in 2009. 5 New water heaters. Some replacement windows. Roof is approximately 6 years old per previous seller. All ranges/refrigerators and window/wall units are landlord owned . City garbage cans. 2017 owner expenses are as follows. Water $3,800. Taxes $4,797.44. Insurance $4,186. $7,115 gross monthly income with potential to raise rents to fair market value of $8,000 or so. Solid 8% current CAP rate.
Electric, Fuel:Natural, City Sewer, City Water
More about 1000 Ellison
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Listing information last updated on January 17th, 2018 at 5:30am EST.