This multi-unit property in York is a great investment opportunity for someone looking to own rental property. The building consists of 5 one-bedroom units, with all but one currently tenant-occupied. Unit 2 is currently available for rent, providing an opportunity for a new owner to select their own tenant or occupy the unit themselves.
Each unit is equipped with electric heating, and tenants are responsible for paying their own electric bills. The owner covers the cost of water, sewer, trash, and their own electric bill, as well as the electric bill for Unit 2, which is tied to the common area. The rent for Unit 2 is adjusted accordingly to account for this expense.
With a gross annual income of $38,940, this multi-unit property offers a stable return on investment. Whether you're a seasoned real estate investor or a first-time buyer, this property is an excellent opportunity to own income-generating rental property in a desirable location.