Welcome to 93-95 Lower Charlotte, built around 1907. Since 2003, all systems were updated... Electricity: 100 amp service to 300 amp ... Plumbing: lead pipes and cast iron to copper and ABS... Remove most lath and plaster and installed insulation and sheetrock (5/8), replaced flooring with hardwood, laminate, vinyl or ceramic throughout. Built 5 new bathrooms and 1 powder room. Installed 3 full kitchens. The back and side bricks were replaced by vinyl siding and hardy-board. The front bricks and wooden entrance was replaced by new bricks and concrete stairs and landing. A rooftop deck, second floor balcony and a deck off of the 93 kitchen. 93-95 Lower Charlotte is a legal non-conforming Triplex... 93 Lower Charlotte has 2 bedrooms, 1-4pces en-suite and 1-powder room. Approx. 1, 400 sq. Ft. The main floor has Living/Dining area, powder room, renovated kitchen with access to large private deck. The second floor has a Master bedroom with access to balcony, walk-in closet and 4-pces ensuite, laundry room and a second bedroom with a Murphy bed. 95 Lower Charlotte has 2 bedrooms, a 4-pces bathroom and a kitchen on the main floor. On the second floor, there are 3 bedrooms, a 4-pces bathroom and a kitchenette with access to the front balcony. The third, located on third floor of 93-95 has private access from the back entrance. This unit 3 bedrooms, 2 3-peices bathrooms and a kitchen/living area. This unit has exclusive use of the roof-top deck with BBQ. TOTAL EXPENSES: Taxes - $11, 699.00, Wifi - $1, 573, Hydro - $2, 690.00, Water - $1, 713.43, Gas - $3, 656.70 , Insurance: $5243.00 Total Operating Expenses is: $26, 575.00. RENTAL REVENUES: Unit -1 at 93 : $2600 mth, Unit -2 at 95 : $3450.00, Unit - at 93-95 : $2350. TOTAL Rental Income: $8, 400 * 12 = $100, 800.00 ( rent includes all utilities) Net Operating Income (NOI) is $74, 225.00. Capitalization Rate is : 4.4 ($74, 225.00 / $1, 695, 000) There are 4 legal Parking spaces.
