INVESTORS TAKE NOTE!!! MONEY MAKING 8-FAMILY comprised of a 6-unit and an additional 2-family on the same lot. All spacious 2 Bedroom units with tenants paying all SEPARATE UTILITIES (natural gas heat & hot water). Updates consist of newer rubber roofs, repaired & repainted decks, and new vinyl siding. With a stable, long-term tenant base, this would be a great addition to anyone's portfolio. Current NOI shows an 8.3% cap rate but with projected market-rate rents the NOI shows a 10% cap rate!! COC is valid through May 2024! Assisted showings by appointment only, minimum 24-hour notice required as buildings are fully occupied.

Property Details of 222-224 Lake Avenue

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Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated July 21, 2026 11:22 PM UTC

 

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