Charles apartments presents a unique opportunity to buy with seller financing. Achieve a higher return on your investment by structuring a deal that works for you. This property features two buildings. In front is a fully occupied eight unit with four 2-bd, 1ba and four 1-bd and 1ba apartments. In the rear is a carriage house that comes with the sale and was built in 1910. Current in-place rents are $856 for the one bedrooms and $1,075 a month for the two bedrooms. Onsite coin laundry and extra storage lockers in the basement. The main building was built in 1911 and has hardwood floors, tall ceilings and loads of original trim and doors.
PROPERTY FACTS
Year Built: 1910-1911
Units: 8 garden style apartments
Square Footage: Building total 7,036 sqft / Carriage house total 448 sqft
Zoning: Multiple-dwelling
Exterior: Stucco exterior
Heating: Hot water boiler system / Replaced in 2015
Air Conditioning: Window air conditioning units / tenant owned
Roofs: Flat roof on the 8-units / Replaced in 2022 I Pitched roof on the Carriage house
Laundry: One set of coin laundry machines / seller owned
UNIT DESCRIPTION
4 - Two Bedroom, One Bath - Approx. 675 Sqft. / Average rent $1,075.00
4 - One Bedroom, One Bath - Approx. 610 Sqft / Average rent $856.00
1 - Carriage House, One BD, One BA - Approx. 450 Sqft / Average rent $1,000.00
PROPERTY IMPROVEMENTS
Hallways and Common Areas Recently Painted and carpeted
Newer Hot Water Heater
Newer Hot Water Boiler (2015)
Exterior Stucco Patching (2022)
Newer Double-Hung Windows in Approximately 60% of the Apartments
Sidewalks Re-surfaced (2021)
PRICE: $725,000.00
