525-527 Meridian Ave #6

Uncover a rare investment opportunity with this six-unit, multi-family property spanning across three impressive buildings. Elegantly situated on a 0.12-acre parcel, this property offers an intriguing blend of contemporary renovations and untapped potential. Four of the units have been meticulously updated, boasting modern amenities and finishes, creating a comfortable and stylish living ambiance. Seize the opportunity to add your personal touch to the rear building which houses two units that are begging for a loving restoration. Your endeavor will not be in vain as the successful renovation of these two units could generate an additional income of $21,600 annually. With all units leased, look forward to a promising gross potential income of $63,600 per annum. Each of the six units comes with separate gas and electric meters for hassle-free utility management. The property offers a strong 12% cap return, enabling substantial earnings on your investment. This impressive investment property is nestled in a peaceful, secure neighborhood, convenience at its best with a range of shopping destinations within walking distance. Enjoy easy access to ShopRite, Burger King, Family Dollar, a laundromat, and numerous other shops. Set to be sold in its current condition, this property presents an extraordinary chance to not only invest but to create within a thriving neighborhood. Imagine the future growth potential, the financial returns, and the satisfaction of shaping a piece of this vibrant community.