Investment Analysis — 541-543 Front Street

541-543 Front Street contains six (6) 1-Bedroom/1-Bathroom units with 4,227 square feet of gross living area in 6,436 square feet of gross area. The Property is situated upon a 0.11-acre parcel and features six (6) off-street parking spaces, as well as laundry machines in the basement for tenant use. The Property has been exceptionally well maintained under current ownership and features significant capital improvements updating unit finishes and utility systems, adding to the long-term value and durability of the Property. The Property features all new plumbing and insulation, reducing short-term maintenance costs and lowering energy costs. All 6 units feature renovated bathrooms, while 5 of 6 kitchens have been renovated since 2018. All units feature either hardwood or tile floors. The Landlord is responsible for all utilities at the Property. This includes gas powered heat & hot water, electricity, and city water & sewer. For electricity, units 1R, 1L, and 2L all run on the same meter, while units 2R, 3R, and 3L are on separate meters, but still paid for by the Landlord.