228-230 Alder Street

About Property

Very Impressive 3 Unit, 9 Bedroom Home In Town Plot, Family Owned/Managed Since 1928. Meticulously Maintained And Updated With Improvements Consisting Of New Roofs (5yrs) On Both Home And 3 Car Garage, New Vinyl Siding, All New Windows, Fire Doors And Foam Insulation Have Been Added From Attic To Cellar. Lead Abatement And Painting Throughout All Porches And All Interior With Supporting Certification Has Certified Property Lead Safe. All Stairways And Exterior Porches Covered With Coin Grip Rubber Flooring And Equipped With New Handrails, All Kitchen Flooring Replaced Along With All Refrigerators And Stoves. Please Note Property Is Equipped With Several Safety Features Including A Hard Wired Security And Alarm System, All New LED Exterior And Stairway Lighting, Smoke And Co2 Detectors Throughout, New Galvanized Chain Link Fence Securing Entire Property Including A Gated Driveway. Natural Gas Heating. Property Has Been Mechanically Updated With All New Water Heaters, Gas Boilers, And Electric Panels. Storage Throughout Property Including Shelving, Closets, Walk Up Floored Attic, 3 Gated Storage Areas In Basement, A 3 Car Garage As Well As Gated Dog Area Provide Additional Income Opportunities. A Potential +9% Cap Rate Based On A $1800p/m Rent Rate After Allowance For Taxes, Insurance, Weekly Landscaping and 10% Vacancy And Maintenance Fund. Approximate 14% Cash on Cash Return. (Must Perform Own Due Diligence) PLEASE DO NOT DISTURB TENANTS OR WALK PROPERTY W/O AN APPT!!
Listed by Full Service Realty LLC, Alexander Martin. Data sourced from SmartMLS