333 Rowland Street

Description

This property will NOT be sold separately. It is being sold as part of a 16-property package (33 units) that includes the following listings: S1297766, S1297756, S1297747, S1297737, S1297728, S1297710, S1297704, S1297693, S1297655, S1297645, S1297586, S1297581, S1297576, S1297563, S1297601, S1297600 (Owner is willing to divide portfolio into smaller packages - please inquire). This unique portfolio contains 16 residential properties, including 8 single-family homes and 8 multi-family homes. 10 of these properties are clustered on just 2 blocks, Nelson Street and Rowland Street, and almost all properties are within a 1-mile radius of each other. All properties are being sold AS IS and need some TLC, but they have enormous potential - 29 out of 33 units are occupied and many properties feature recently upgraded hot water tanks, furnaces and roofs. Over $35,000 in improvements have been made since July 2020. Asking $1,200,000 for the entire portfolio. These 33 units are priced at only $33,364/unit. Annual gross rental income totals $265,200, NOT including current vacancies. This is a great opportunity to start or build a real estate investment portfolio.