7235 Holabird Avenue

Update Property Description: Serious inquiries only. Showings available for buyers with proof-of-funds and an informal offer, only. Please do not request a showing without first providing this information. Multi-family 3-unit (triplex) rental property in great condition. Well maintained. All units have separate entrances. Brand new 75 gallon natural gas water heater. Natural gas forced air heat for the entire building, in addition to electric baseboard heaters in basement and second floor units. Each unit has it's own washer and dryer. Consists of 2 - 2 bedroom, 1 bath units (avg. rent per unit $1,045-1,090/mo. w/ utilities included), 1 - 1 bedroom, 1 bath unit (currently rented for $900/mo. w/ utilities included) with long-term tenant. Fully occupied it grosses $3k+/mo. BG&E averages $260/mo. 100% occupancy as of February 2024. All with 1-year leases in place. All units are in good condition. The first and second floor units have been recently updated with fresh paint and flooring. All appliances are in good working condition. Brand new roof and gutters/downspouts installed last year. Limited Lead-free certificate (only requires bi-annual exterior inspection of painted surfaces; interior is 100% lead-free). 2-car parking pad located behind property across from alley and a large shed with potential for additional income if rented for storage. Low vacancy and rents easily. Professionally managed. Truly a turn-key rental property. Seller looking to upgrade to a commercial property (via 1031 exchange). Serious inquiries only. Showings available for buyers with proof-of-funds and informal offer, only.