Great investment opportunity in Wilson Borough!
Large 4 unit features 1-One bedroom apartments, 3-Two bedroom apartments, and off-street parking. Tenants pay electric, owner pays water/sewer/garbage and heat (for 1539 only). 1539 Butler has a newer gas furnace and both units are occupied. Both units in 1537 Butler are vacant & have been completed renovated.
1537 Butler - 1st Floor: 2 bedroom/1 bathroom - $1100/mo [Vacant]
1537 Butler - 2nd Floor: 2 bedroom/1 bathroom - $1100/mo [Vacant]
1539 Butler - 1st Floor: 1 bedroom/1 bathroom - $770/mo
1539 Butler - 1st Floor: 2 bedroom/1 bathroom - $883/mo
Trash/Sewer: $1680 [Owner pays]
Electric: $600 [Owner pays for electric on furnaces]
Heat: $1,800 – [Owner pays - 1539 Only]
Water: $1,800 Water Only - [Owner pays]
Gross Inc: $46,236 Net Inc: $33,463 Operate Exp: $12,773
STEEL ABSTRACT (Steel Abstract
) has all title information prepared and can close on this deal in 24 hours.
*Proforma numbers on Vacant renovated units