5140 E Washington St

Being sold as a package with 5128 E. Washington, the Muriel & Victoria Apartments mirror one another with eight units each, 100% fully occupied for the past five years, with all bathrooms updated. These full brick buildings feature updated roofs in the past five years, one bed/one bath layouts, and electrical upgrades. The units consist of 375 sq ft of living space, hardwood floors, minor bathroom updates in all, nice sized kitchens with eat-in area, and larger living rooms. These properties have a cap rate of 7.3%, a master tenant that guarantees occupancy and pays half of utilities and onsite daily management.Situated on the western edge of Irvington Historic District, this area has seen rapid growth over the past 10 years with no slowing down.