Quality maintained 10 bedroom 4 family home just minutes to downtown and city bus lines. May be purchased with home next door 34-36 Cliff St, a four family MLS R1687927. Utilities are separate. Ample rear parking area for tenants. 3100 sqft home features a spacious front enclosed entry porch for all tenants. Outside there is a rear 2nd floor deck for both 2nd floor tenants, and separate rear entry decks for each first floor tenants. Two 3 bedroom and two 2 bedroom units. Spacious apartments all have generous square footage and closets, and all are equipped with dishwasher. Coin op laundry in basement. Home was completely gutted in the '90's so all electrical, plumbing, and wiring were done at that time. 38-40 Cliff St: Income: $51,600 annually. Expenses: Taxes $6,946, Water/Sewer $1,700, Insurance $2,200, Trash $1,200, Snow $375, Maintenance and Vacancy at 5% of gross $3,750, Total expenses: $16,171. NOI $35,429. Mortgage expense: $26,316 ($375,000, 20% down, $300k@ 6.25% for 20 yrs). Net Income $9113 / $75,000 (down payment) = 12% Return on Investment with below market rents. One year leases in place.