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Multi-Family Home with 4 Separate Apartments, off street parking & a Garage! Featuring 2 Three bedroom units and 2 One bedroom units. All units have separate entrances, separate electric meters, separate heating systems & water heaters.. The three bedroom units have updated kitchens & bathrooms, a living room area with hardwood flooring and spacious bedrooms. The one bedrooms have a similar set up with updated kitchens & bathrooms, a living room area with hardwood flooring and a master bedroom suite. The owner kept some of the original wood work. There is a large covered porch in the front for the tenants to watch the storms come and go. There is also a separate back covered deck for each of the units to relax and have a cup of coffee or good storage for a bicycle. There are front and back entrances for three of the units and just a front entrance for the 4th. Off street parking with a gravel driveway with enough space for 4 cars. Garage for extra storage. Three of the 4 units are rented for a total gross of $2475. The vacant unit can easily be rented for $800 for a total gross of $3275. Two of the units are being rented below market and are on short term leases. You could raise the rent or get new tenants and increase the rental gross easily to $3,600 if not more. You could also rent out the garage for another easy $100 a month. All units have been inspected and approved for rental by the city and have lead certificates. This property is easy to show. You can see two of the units that are currently vacant. The other two units can be shown with a ratified contract.

Property Details of 554-556 Salem Ave

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Listed by Craig Marsh of Marsh Realty

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