
Sibcy Cline Northwest
Listed by Sibcy Cline Northwest
$590,000
2940 Glenway Avenue
Details
APN 172-0019-0045-00
Property Type Multifamily, Land
Sub Type Apartment Building, Residential
Year Built 1961
Acreage 0.141
Multifamily
Marketing description
Excellent investment featuring TWO four-family buildings with EIGHT 1 bed 1 bath units being sold together w/strong cash flow & additional upside potential by adding a 5th unit in both basements. Both buildings must be sold together (no exceptions). Shared coin laundry facilities, ample off-street parking in private lot, dumpster onsite. 7 of 8 units are leased & newly renovated w/new flooring, modern kitchens & bathrooms. Current gross rents for 7 occupied units-$6,095 per month, $73,140 yearly. Projected rent when fully occupied-$7,015 per month, $84,180 yearly. At 2934, one vacant unit actively being marketed for rent at $845, owner pays heat and water, basement space is already income producing and currently rented as office/storage space. At 2940, owner pays water only, basement has bathroom rough-in & ready for finishing, creating additional future income potential. Major capital improvements include new sewer line, newly paved driveway, new fencing & remodeled units. As-is sale.
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Sibcy Cline Northwest
Listed by Sibcy Cline Northwest
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