3553 Kensington Ave
Comps
Listing Notes
AS IS SALE. The buyer earns the right to cash flow, equity growth and tax benefits. Fully occupied duplex. One apartment is 2 bedroom and 1.5 bathrooms and is rented for $665 / month. The other apartment is 1 bedroom and 1 bathroom and rented for $435 / 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, 1911 E Cambria St & 1909 E Ontario St as a package deal for $1,890,000 total.
Analysis
Asking price is about 11.4% above where comps + adjustments land — there is room to negotiate.