Property Description

10-32 Overlook St contains twelve (12) 4-Bedroom/1-Bathroom direct-entry townhomes, six (6) at each building, with a total of 16,038 square feet of gross living area and 24,600 square feet of gross area. The Properties are situated on a combined 0.88-acres of land and offer ample off-street parking with twenty (20) plus spaces available via a paved lot directly behind the buildings. The Properties offer serious upside potential with in-place rents significantly below current market rates for comparable units in the area, offering the buyer the potential to raise rents through slight upgrades to unit interiors. Additionally, the cash flow for the Properties benefits from separately metered utilities except for municipal water and sewer. There is no common area electric expense as there are 12 separate basements and no common areas. All 12 units units have lead certificates.