

Listed by REMAX ADVANTAGE REALTY
$350,000
1735 Central Avenue
Details
APN 1024252025
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Square Footage 5,244
Units 5
NOI $40,878
Year Built 1888
Lot Size (SqFt) 1,900
Zoning C-4
Multifamily | 5 Units
Marketing description
Investor Alert! Fully rented mixed use brick income property with one commercial space and four residential apartments. This is a well maintained and updated property that any investor should be proud to own. Commercial space address is 1735 Central Ave. Apartments are (3) 1 Bedroom, (1) 2 Bedroom and addresses are 1736 Heeb St #1 and #2 and 1738 Heeb St. #1 and #2. There are 5 electrical services, 5 water meters, and 2 gas meters. Commercial tenant pays $950 month rent and all utilities and has gas forced air furnace and central air. Apartment rents are $850, $675, $800, $800 and tenants pay own electrical, water, sewer, and garbage. Owner pays residential units gas and heat which is served by a hot water boiler. There are washer and dryer hookups in the apartments, tall ceilings on all floors, and a full basement. New roof installed 2026. Free on street parking behind the building on Heeb St and on street metered parking in front.
Listing Contacts


Listed by REMAX ADVANTAGE REALTY
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$40,878.00
$3,406.50/mo
Valuation Metrics
0
DSCR
11.68%
Cap Rate
11.68%
ROI
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