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Fully loaded and well maintained! 11-unit property!
INCOME PER YEAR: $74,508
FOR SALE: $330,000
WILL negotiate contact ASAP, emaske@neo.rr.com (disk available on property)-
Emergency contact, Cell# 814-450-9595 owner.
or Fax Atty Prenatt 814-459-2559 or email Atty Prenatt at: mopesq@verizon.net
KEY POINTS
1. Convienent downtown access with easy access to major interstates. Bayfront Parkway access.
2. Property well maintained
3. Passed by city permits and county listed
4. With full contents including tools, paint, electrical, plumbing.
5. Enclosed aluminum porches with complete screens to catch a breeze
6. All apartments include contents, see leases, stove, dishwasher, fridg., couch, beds, dressers, ect. Plus maintenance shop, tools, paint, electrical, CLEANING SUPPLIES. Estimated value of shop: $4000 included in sale price.
BUILDING DIMEINSIONS
a. Front unit 6,407 sq ft
b. Rear unit 2,714 sq
c. Maintenance room 400 sq ft
BUILDING STRUCTURE
a. Frame and cement block construction. Aluminum siding, brick and composition shingles. Aluminum soffit, gutters and downspouts. All the accessories included!
ROOF
a. $62,000 invested
b. New rubber roofs on front house, with shingles.
c. Rear house updated rubber roof with shingles.
d. Adjoining shop has new rubber roofing
e. 639 East 11th new rubber roof, attached to 643E 11th building
SIDING
a. Complete vinyl and aluminum siding with accessories
WINDOWS
a. New replacements windows
b. 49 windows overall.
$ 280 apiece invested $13,720 alone.
INSIDE
Inside walls are trim plastered and also dry walled. Painted and stained trim. Carpet and linoleum, and hardwood floors. Updated kitchen, all new wood cabinets, 5 dishwashers, 11 stoves and 13 refrigerators.
GAS
a. Brand new gas lines
b. 2 boilers: Trinity boilers replaced in front unit. Updated between 2004 and 2006. ($49,000, with all accessories, including ARCO system thermostats controlled). Very cost efficient boiler mate. The best on natural gas. Certified design rated to strict CSA, AGA, & CSAus codes. Have all documentation with boilers.
c. Backup hot water tanks, for front Bldg.
d. Rear house - Separate boiler updated. Brand new hot water tanks.
HEAT
a. Boiler runs main system. (Front Bldg.)
b. Have backup units in case of main failure. Emergency electrical heaters in each unit.
COOLING
a. Central air in 6 units with heat with thermostat control
b. Ceiling fan in all apartments
ELECTRICAL
a. Each apartment has its own electric meter
Total rewire with all new boxes, breakers, and panels
b. With new 9 meter modular unit installed
WATER
a. Copper tubing waterlines throughout whole property
b. Every unit has a shut off valve with hot and cold basement access
c. Every unit is self-contained with shut off valve
d. Back flow-system installed. In 2006 was added and inspected by the city, passed.
SECURITY
a. Security doors with independent door bell ringers
b. Lit lights during the night for added protection
Hallways, entranceways, drive ways, and the parking lot is lit
LAUNDRY
a. 2 laundry rooms
b. Coin operated washer/dryer in front building
c. Rear complex has 2 washers. ( not coin operated). Apt10 & Apt11
d. Estimate income, in coin, $1,000
Additional plus property for economic investment. For future development ,
NOT INCLUDED IN SALE PRICE, OF $330,000, WILL SELL AS AN ADDED BONUS.
LOT VACANT, SOLD BY SELLER.
25-6 X 160 sq ft
Valued at $28,000 completed 11 parking spaces,finished electrical, sewers, drains, fence, and new concrete, permits all passed by the city. FULLY ACCESSABLE AND SECURE.
Located conveniently next door, driveway, sidewalks, concrete pad poured. Also fences, electrical service, lighting. Investment $28,000 est. started for drivethru, new dumpster location.
Contact Pat ASAP!
Willing to talk or leave message
Via cell: 814-450-9595
DO NOT EMAIL CALL ONLY! SERIOUS INQURIES ONLY!
Emergency email: to Investment Rentals, emaske@neo.rr.com (disk available)
Yearly Expenses
Insurance - with contents $4000. Building Elect Avg's - $200 mo 2400 a yr Taxes : County $471.04 City $1089.56 School $1624.22 Combo $3184.82 Water sewer / 3 mo $700 yrly $2100. Gas national fuel - $8,000. Waste trash private haul 3 mo $226
Yearly $20,000.00
Total Income $6209.00 Trash total income $143.00
GRAND TOTAL $6209.00
GRAND TOTAL: SHOP- $100.00/ est. per month.
Also included with sale, maintenance shop, tools electrical, plumbing, paint, plus all accessories. estimated value $5,000
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