1909 E Ontario St
Comps
Listing Notes
AS IS SALE. The buyer earns the right to cash flow, equity growth and tax benefits. Fully occupied duplex. One unit 2 bedrooms and 1 bathroom and is rented for $800 / month. The other unit is 1 bedroom and 1 bathroom and is rented for $585 / month. The utilities are separately metered and tenants pay ALL utilities. Value add, investor special. For economies of scale & optimal density this property can be purchased with 2922 Frankford Ave, 2924-26 Frankford Ave, 2928 Frankford Ave, 3403 Frankford Ave, 3405 Frankford Ave, 3551 Kensington Ave, 3553 Kensington Ave & 1911 E Cambria St as a package deal for $1,890,000 total.
Analysis
Asking price is about 14.3% above where comps + adjustments land — there is room to negotiate.