18 First Street

Description

The Hiram building with over 5000 sq ft of living space is an affordable housing property helping people transition to more long-term housing. This 16-room boarding house is also welcome to longer term guests. There is an onsite manager that helps maintain the building and place new guest in rooms. Built in placement resources (you could say from local nonprofit agencies instead of naming them all) with Preble St Veterans, The Homeless Shelter, Wabanaki Tribe, Shelter Plus Care, and Community Care help with vacancies. Updates include new lighting in all bedrooms, new subpanel, new back roof shingles, all rooms repainted, new bulkhead, window and soffit repair, 2 new heat zones (updated natural gas furnace). 3 shared bathrooms - one on each floor. Well established operating income - great opportunity for a real estate investor, nonprofit agency or property management company.