For Sale: 461 Montague Ave (6-units)

6 x 1BR Units (good layout, decent size) with good tenant mix.  Well-maintained, well-managed building with quick access to Downtown and all amenities.  Safe and secure building, parking for 5 vehicles, on-site superintendent.  Projected Net Income – $35,384 (8.33% CAP Rate).  Great Value at $70,833 per unit!  On-site coin laundry, Separate Hydro Meters, Tenant storage, Landlord Workshop.  Good condition, one vacant unit (main floor), must see!

Listing ID: MLS#18204
Asking Price: $425,000
Taxes / CAM: $2,375 (2014)
Zoning: R2-3 LNC
Square Footage: 6 units sq ft
March 11, 2015

Location:

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