Description
GREAT INVESTMENT OPPORTUNITY! 12 total rental units between two properties! There's an 8 Unit Apartment Complex, 2 Unit Duplex, 1 Efficiency Unit, and 1 Storage Unit! The Seller wishes to sell both properties for the total price listed above! This will make for a great addition or beginning to any rental portfolio! Cash flow is top notch for the market. The 8 Unit Apartments bring in rent of $2,530/month, while the other 4 Units rent for $1,620/month; with good, longstanding tenants and some vacancy. Gross Rental Income totals $49,800 per year with room for improvement! Estimated Cap Rate over 10%. NEW Roof on both buildings!. All properties being sold "as-is" and preferably cash offers or hard money financing. PLEASE DO NOT DISTURB TENANTS. Parcel Numbers are 031 018 010 and 031 018 009. Contact me for any questions or more details!
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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4,612SQFT
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$72$/SQFT
School Ratings & Info
Description
GREAT INVESTMENT OPPORTUNITY! 12 total rental units between two properties! There's an 8 Unit Apartment Complex, 2 Unit Duplex, 1 Efficiency Unit, and 1 Storage Unit! The Seller wishes to sell both properties for the total price listed above! This will make for a great addition or beginning to any rental portfolio! Cash flow is top notch for the market. The 8 Unit Apartments bring in rent of $2,530/month, while the other 4 Units rent for $1,620/month; with good, longstanding tenants and some vacancy. Gross Rental Income totals $49,800 per year with room for improvement! Estimated Cap Rate over 10%. NEW Roof on both buildings!. All properties being sold "as-is" and preferably cash offers or hard money financing. PLEASE DO NOT DISTURB TENANTS. Parcel Numbers are 031 018 010 and 031 018 009. Contact me for any questions or more details!
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Data last updated: 2023-03-30T17:32:24.017.