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879 Farmers Mills Road, Carmel
6.5% CAP - Great Investment of FOUR LEGAL 1 bedroom Apartments with 5 full possible apartments on a level private lot with ample parking up to 10 cars. This money maker has a solid tenant roll with many new improvements. Tenants pay all electric with electric heat on 5 separate meters. Landlord pays snow, landscape and hot water. NEW: front windows, complete bathrooms in all units, garage doors, well pump and entire well casing, water softener system, and water pressure storage tank. Roof is 9 years new. Separate room in rear of building ready for laundry room that has a separate dry well. Total Gross Rent = 68,700. Total Expenses = 30,900. NET INCOME = 37,800 - - - 6.85 CAP
- MLS® #4935976
- Full Baths4
- Square Footage3,540
- Year Built1960
- TypeMulti-Family 2-4
- Parking Spaces10
- Lot DescriptionLevel
- Listing OfficeKeller Williams Realty Partner
- Address879 Farmers Mills Road
- Zip Code10512
- HeatingBase Board
- CoolingWindow Units
- ElementaryKent Elementary
- MiddleGeorge Fischer
The data relating to real estate for sale or lease on this web site comes in part from HGMLS. Real estate listings held by brokerage firms other than Monroe Realty Center. Inc are marked with the HGMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
Information deemed reliable but not guaranteed.
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Listing information last updated on January 18th, 2020 at 12:43pm EST.