61 Houghton St

This fully rented 5-unit building offers a fantastic investment opportunity, complete with a huge parking lot that accommodates 10 spaces and a common laundry area in the basement. Four out of the five units have been tastefully renovated, featuring new flooring, modern light fixtures, and eat-in kitchens equipped with stainless steel appliances, granite countertops, and stylish backsplashes. The first-floor unit is a spacious 4-bedroom apartment with in-unit laundry, large bedrooms, a breakfast bar, and plenty of windows that fill the space with natural light. The remaining four 1-bedroom units are generously sized, boasting high ceilings and thoughtfully designed layouts. Outside, enjoy exterior porches, a large yard, and ample parking for all residents. The 4-bedroom unit operates on separate heat and electricity, while the 1-bed units include heat in their rent but pay for their own electricity. With market rent at $2,200 for the 4-bedroom and $1,600 for each 1-bedroom, this property provides a solid return at an 8% cap rate!

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