338 Washington Street

About this property

Investment opportunity! This historic multi-family property features four rental units and is ready for its next owner. Or it could be turned back into a single family home! The building includes three 1-bedroom apartments, each with a living room, kitchen, and bath, plus one efficiency unit with a combined bedroom/living area, kitchen, and bath. Original hardwood floors appear to remain throughout much of the property, adding character and charm. The roof has no reported leaks, and water and sewer are currently included in the rent for all units. Unit A features a gas wall heater and a private rear deck. Unit B offers a spacious kitchen, gas heat, and a rear deck. The owner currently pays the gas and electric for Unit B, although separate meters are in place, providing the option for tenant-paid utilities. Unit C, the efficiency unit, includes all utilities and is heated by a furnace and floor heater. Unit D also includes all utilities and is heated by a furnace and floor heater. Two long-term tenants are currently in place, and all tenants would like to remain, providing immediate rental income. While the property could benefit from cosmetic updates and refreshing, it offers strong potential for increased value and rental income. A great opportunity to add a cash-flowing property to your investment portfolio.

Highlights

Sewer

Public Sewer

Heating

Forced Air, Oil

Utilities

Water Available, Sewer Available, Natural Gas Available, Electricity Available

Water Source

Public

Listing Terms

Conventional

Parking Total

0

Lot Size Acres

0.22

Location