Property Description

775 Union Street contains two (2) 1-Bedroom/1-Bathroom units and one (1) 2-Bedroom/1 Bathroom unit with 1,916 square feet of gross living area. The Property is situated on a 0.23-acre parcel and offers a storage garage capable of fitting two cars. The Property is separately metered for electricity, gas-fired heat, and gas fired hot water which the tenants pay directly. The Landlord is responsible for common area electric and domestic water and sewer. Recent capital improvements include upgraded vinyl siding, newer roof, two (2) water heaters, one (1) boiler, and spray foam insulation on Unit Rear. In-place rents are significantly below the current market rates; the opportunity exists to increase income via programmatic updates to the unrenovated units.