146 Nichols St #13

This beautiful thirteen (13) unit 3 story blonde brick building boasts an ideal unit-mix to increase rents with eight (8) two-bedrooms, three (3) three-bedrooms and two (2) four-bedrooms. Much of the capital improvements have been completed for the new ownership. The improvements consist of but not limited to ten (10) renovated apartments out of 13 units with new kitchens, bathrooms, electrical and plumbing, recently installed rubber membrane roof, one (1) 75-gallon commercial grade gas fired hot water tank, common area upgrades including flooring, paint, led-lighting, security camera system and fire safety equipment with wireless fire-panels. Seller will be creating a parking lot in the rear of the property which will consist of 6-8 surface parking spots which will generate increased revenue prior to closing. Offering memorandum is attached in documents, see financials on page 13.Monthly income is $35,600 not $32,767 (MLS tech issue). Offers due by March 3rd