3425 E 128th Street

Description

8 2bed apts 2 1bed apts.One of the last few solid brick buildings left on great street opposite a church and next to two vacant lots on the plus side new sidewalk, all bricks are almost perfect, building is solid doors close with no adjusting, roof has been repaired, 100 new windows have been installed, electric and security cameras are on property. On the negative, property need big clean out and full rehab, most walls are plaster so those need scraping and painting but a few exterior back walls need to be reframed most floors are great wood and very nice, but water damage from repaired roof still need to be repaired beyond that the property needs everything, electric work, full plumbing, some carpentry, 10 kitchens 10 baths we assume 175k to 250k in rehab depending on finishings Can easily see this property grossing over 120k a year. 2 vacant lots next door are owned by the city and prime for acquisition by city side lot program. Easy show and sell. Sorry principals only!! no wholesalers. One of the owners of the owning LLC is related to listing broker.