1425 10th Street
Solid 5-unit investment property with all units currently occupied and producing consistent income. The building brings in $5,700/month ($5,425 in rents + $275 from laundry) with a current NOI of $44,250. Rents are below market, giving the next owner a clear opportunity to increase cash flow over time without needing a heavy lift. Major updates already taken care of, including a new roof and a boiler and water heater both under 10 years old, helping limit near-term capital expenses. This is a strong option for an investor looking for a stable, already-performing property with upside still left in it. On-site laundry adds an additional income stream, and the property is straightforward to manage in its current condition. Whether you plan to hold long-term or gradually raise rents and improve returns, there's room to execute your strategy here. Rent roll and financials available in documents.
- Tamaleria & Restaurant Isabel 0.4 mi
- Teresita Restaurant 0.5 mi
- Honey Bay's BBQ 0.7 mi
- El Pollo Rico 0.8 mi
- Hong Kong Buffet 0.8 mi
- IHOP 1.2 mi
- Best Market 0.5 mi
- Save-A-Lot 0.6 mi
- BP Shop 0.7 mi
- Ortiz Supermarket 0.8 mi
- Ortiz Grocery 0.8 mi
- Mobil Mart 1.3 mi
- Dugdale Park 0.3 mi
- Foss Park 0.4 mi
- Woodard Park 0.4 mi
- Corrine J. Rose Park 0.9 mi
- Eugene P. King Park 0.9 mi
- Plonien Park 1.0 mi
- Dunkin' 1.4 mi
- Dunkin' 1.5 mi
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MLS data provided through MLS GRID · MRED MLS · MLS# MRD12624199