1426 Catharine St


Multi-Family Unit
Closing Price: $650,000

This 9+ cap, turnkey operation with 4 car parking and separated utilities is a no brainer. Each spacious unit has 2 or more bedrooms and is bi-level. There is no carpet anywhere in the building, 2 of the 4 units have central air and they all have laundry facilities. The first floor front has 2 bedrooms and a bathroom upstairs, and a kitchen and living room downstairs. The laundry is near the kitchen and there is central air. The 2nd floor rear also has 2 bedrooms and a bathroom upstairs and a living room and kitchen downstairs. The rear bedroom holds the back door that leads outside to the parking. The parking lot is 2 cars wide and 2 cars deep so that 2 cars park tandem to the 2 other cars. Tenants have shared each other's car keys in the past which is not a problem when roommates sharing one unit have 2 cars which is likely when the smallest unit in this building is a 2br. The 2rd floor rear unit has a nice big open living room, laundry and kitchen on the 2rd floor while the bathroom and the bedrooms are on the 3rd floor. Finally the 2nd floor front unit is similar with a nice open kitchen living room combo with laundry and 2 bedrooms and a bath on the 3rd floor. Prominent restaurants lease out the top to apartments for their employees and always pay their rent on time.