Investment Overview

1-4 Schrepel Pl & 550 E 3rd Street are comprised of 15 units. 550 East 3rd Street was newly constructed in 2000, and contains 2 2BR units and 1 large open 1BR with potential conversion to 2BR. 1-4 Schrepel place was originally constructed in 1920 and recently renovated over the years. The property contains 4 1BRs and 8 2BRs. 1 Schrepel Pl Unit 3 is a 2BR that was opened up for 1BR, however can easily be converted back to 2BR. The property offers 8 off-street parking spots for additional income. Potential parking income based on 8 spots rented at market rent of $350/month. Residential rents are below market with upside potential.


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INSTRUCTIONS FOR VIEWING:

First drive by the Property and view the exterior. DO NOT speak to the Owner, Owner's representative or Owner's tenants without a UMF Associate present. Especially in the event they are present during your initial drive by. If you are interested in the property after your initial drive by please contact the UMF listing associate to schedule an appointment.

All information furnished regarding property for sale or lease is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price,rental or other conditions, prior to sale or lease, or withdrawal without notice. United Multi Family makes no warranty or representation about the content of this brochure. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property.