4-UNIT, 4-sided brick investment - university area. Gross income - $48,948, all rents unheated and unlit. (2) X 5 ½, (1) X 3½, (1) X 2 ½. All water tanks less than (10) years, several floor coverings replaced (laminate/hardwood), several kitchens and bathrooms renovated, PVC windows (2004-2011), gutters (2022), balconies/stairs (2018-2019-2020), roof in good condition. 6 175 sq ft lot, potential for (6) parking spaces. Outside storage sheds, prime location! **MLS - 16122072 & 22031322 (attached 4-UNIT) CANNOT be sold separately.
The municipal assessment roll, municipal taxes, and school taxes are based on the current assessment roll for an (8-UNIT) building. The municipal value and tax amounts have been split (50%) to reflect an estimated assessment value and tax amount based on a 4-unit building. Should the buildings be acquired as (2) four-unit buildings, a change will be required with the tax authorities to classify them as four-unit buildings. In this case, the values shown may be subject to change.
For clarification purposes, a zoning amendment is not required, as the buildings are located on (2) separate lots allowing (4) semi-detached units per lot in accordance to zoning.
The photos are for both buildings. For illustrative purposes only.