2305 Broad Street – 18 Suite Apartment Building

  • MLS® 603618
  • Price $1,990,000
  • Taxes (2016) $11504
  • Year Built 1963
  • Lot Size 75 X 125
  • # of Units 18

This 18-suite apartment consists of 17 1-bedroom suites and 1 bachelor suite over 3 levels (6 units/floor). Building has seen some extensive renovations beginning in 2005. All Windows are now 3-pane PVC, three new high-efficiency boilers (92.7% efficiency) were added which supply heat to building (pumps also replaced at same time). All suites were given new tub surrounds, flooring upgrades, plumbing and lighting fixture upgrades, the flat tar and gravel roof was replaced with a pitched roof with long-lasting metal sheeting (gutters with leaf guard also added), attic was topped up to R40 insulation, and there’s a newer sewer line to street. Coin laundry profits are split between owner and “Coinamatic” (vended laundry equipment and service provider). Top 2 floors (12 suites) have wall a/c units. Included in sale: 20 refrigerators (2 spare), 18 ranges, 18 range hood fans, industrial-grade Water Softener, industrial-grade Water Heater, garden shed, plus miscellaneous equipment (e.g., extra toilet fill valves, sink drain kits, replacement zone valves/motors, etc. – approx $1,000 value). Blinds included. Any drapes belong to tenants. Pictures in listing are of 3 of the 18 units. Others suites have same flooring and similar kitchen/bathrooms.