Be the owner of this one-of-a-kind property in Hyde Park’s Historic District. Two properties sold together for a total of 8 residential units. Two properties sold together for a total of 8 residential units. Easy property to manage, no deferred maintenance, fully leased! Avenue C underwent a painstaking but award-winning restoration and renovation in 2019, bringing a previously decrepit multi-family residence to become a show stopper of modern efficiency and design. Two properties together offer 8 total residences. 6 one bedroom/one bathroom units and 2 two bedroom/one bathroom units. 2 ground floor units are ADA accessible. 11 total parking spaces provide at least 1 parking spot per bedroom. 2 of the spots are ADA, as well. All utilities are sub-metered for the tenant to pay individually. All units are supplied with full-sized washer and dryers, a full suite of high-end kitchen appliances, tankless water heaters and 19.5 or 20.5 SEER rated HVAC’s. Tenants will delight in extra deep soaking tubs, floating vanities, vintage cabinet colors and hex tile floors, hardwood or concrete floors and tall and/or vaulted ceilings. All units deliver abundant natural light from dual paned windows and skylights. 5 of the 8 units offer tenants fenced yards. Cash flow is good with a ~5% increase in rents over first year leases. The majority of original tenants remain touting a robust 63% renewal rate. 100& occupancy as of 11/15/20. Pets are limited but deposits are hefty and pet rents are in place. BROCHURE ATTACHED. MORE PHOTOS AND FLOORPLANS ON PROPERTY WEBSITE. https://www.cribflyer.com/4004-4006-avenue-c
Listing courtesy of Horizon Realty.
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