Prime investment with a 9.5% cap rate! This property consists of two buildings:
550 1st St E. - Built in 1952, this 7,572 sq.ft. building includes 8 units (six 2-bed/1-bath and two 1-bed/1-bath). Each unit has been updated, providing comfortable living spaces. There is potential in the basement to add shared laundry facilities and or storage.
536/538 1st St E. - Built in 1910, this charming 2,352 sq.ft. building features two spacious 2-bed/1-bath units (one on the main floor and one upper unit). The basement offers shared laundry facilities.
Opportunity for partial seller financing!