Russell - 601 - Village of Russell
Russell - 601 - Village of Russell
Terminated
Flooring: Tile, Incredible 5.84% Cap on a 12-year-old multifamily! Welcome to 100 Mill Street, a brilliant 2-unit investment property in historic Russell. This property features a full 3-bed 2.5-bath home on the main and upper floors plus a 2-bedroom fully legal basement apartment with separate entrance and utilities. This is the highest-earning residential property to ever hit the market in Russell. Rents are currently $3,495 monthly ($1900 3-bed, $1595 2-bed), $41,940 annually from happy tenants. All expenses are estimated to be $6,894. NET $35,046. CASH FLOW $1,182 per month; $14,184 annually. Long-term cash flow is $425,520 over 30yrs not accounting for rent increases. Russell has an extreme rental shortage with vacancy near zero. Modern build suggests low maintenance for foreseeable f
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* Values are estimates only and not a guarantee of lending or affordability.