Rare mansion back on the market after buyer failed to obtain mortgage commitment. This huge home has many original details and has been converted to a very profitable five apartment building. Tenants should not be disturbed for the curious. The first showing may not have access to all apartments, but a second showing will include anything not seen. Apartments have large rooms. Details from the original 1900 house are still in place and unharmed, despite the conversion. Inspections were done and the house is virtually faultless. Stained glass windows made by D. Maitland Armstrong, a colleague of Louis Comfort Tiffany. The exterior and interior front doors have leaded glass side and top lights. The main stair case is adorned with massive stained glass windows on the first landing. Rents are under market and future rents could be raised substantially. All apartments have new efficient toilets and plumbing and electrical have been updated. The roof was replaced in 2012. There is no additional money needed to be spent here. Rental history is very good. There are 5 separate gas furnaces and hot water for all 5 units. There is plenty of paved off street parking. This was one of the few truly stately homes in the area. The house was built for Arthur L. Clark, a former senator and bank president This house could be converted back to a single family, as well as being maintained as it is currently: a profitable multi-family. Gross income is $48,000 yearly. Agent is owner related.
Rare mansion back on the market after buyer failed to obtain mortgage commitment. This huge home has many original details and has been converted to a very profitable five apartment building. Tenants should not be disturbed for the curious. The first showing may not have access to all apartments,...
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