About 164 Babcock Street
Amazing investment opportunity at 7.5% CAP after the price improvement! This 6-unit building was gut-renovated around 2011 (with all new sheetrock, electrical, plumbing, insulation, doors, windows and mechanicals, and roof replacement). More recent upgrades include a refresh of all units, new vinyl floors in common spaces and in 4 units, fresh paint and newer appliances. 2020: replaced water heaters, upgraded 3 out of 6 furnaces. Also, a new tankless water heater was installed in one of the units that can service the whole building in the future. All units are 3 bedrooms, with updated eat-in kitchens, in-unit laundry, and outdoor deck space. Remodeled baths include updated vanities, tile, tubs, and toilets. The building provides high rents and boasts 100% occupancy. Utilities are separate and paid by tenants – Central HVAC; electrical panel in each unit. All apartments have electronic pin-code entry which makes this a keyless building. There is also video surveillance both inside and out for enhanced security. The driveway is shared with the neighbor, plenty of off-street parking in the back. Make sure to schedule your showing today!
