Outstanding 1904 Rockland Mansion set on a half acre that was legally converted to 8 self contained suites in 1981. Prince & Princess Abkhazi lived in this 7000+ sq ft character residence before its conversion: four beautiful tiled fireplaces on the main, leaded glass windows, intricate inlaid oak floors, classic curved front bay window, & high ceilings. The suites range in size from 550 sq ft to 1340 sq ft. The present annual gross income is $98,000 with market rents indicating a gross of $118,000. The property is offered at a 3.2% cap on present rents with great future possibilities. 400 Amp main, all suites separately metered for heat, owner pays for hot water costs via oil. You will not find revenue again at $200,000 per suite.
|Property Type||Residential Revenue|
|Lot Size||0.48 acres|
|Lot Features||Corner, Level|
|Lot Size||20700 square feet|
|Site Features||Corner, Level|