Description
Great multi-family investment opportunity! Nice apartment building with 10 1-bedroom units, five on each level. Units are in good condition. The majority have been renovated & the remaining few get renovated upon a move-out. Building has new exterior paint & new roof in 2017. Shared laundry room. All units are on separate meters & there are off-street parking spaces for all units. Landlord pays electricity just for common areas & laundry room. Tenants pay their own electric. Add'l. income of $720 annually for laundry room.This is a good performing asset w/pay-on-time tenants. Park your money in this investment & let it appreciate. Vacancy rates are less than 1%, usually with a waiting list. Good location close to retail & commercial areas. CAP RATE: 6.71 -managed professionally.Water/sewer/garbage are in water category. Total rents are: $7675/mo.
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0BEDS
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0.19ACRES
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0BATHS
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01/2 BATHS
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4,592SQFT
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$217$/SQFT
Description
Great multi-family investment opportunity! Nice apartment building with 10 1-bedroom units, five on each level. Units are in good condition. The majority have been renovated & the remaining few get renovated upon a move-out. Building has new exterior paint & new roof in 2017. Shared laundry room. All units are on separate meters & there are off-street parking spaces for all units. Landlord pays electricity just for common areas & laundry room. Tenants pay their own electric. Add'l. income of $720 annually for laundry room.This is a good performing asset w/pay-on-time tenants. Park your money in this investment & let it appreciate. Vacancy rates are less than 1%, usually with a waiting list. Good location close to retail & commercial areas. CAP RATE: 6.71 -managed professionally.Water/sewer/garbage are in water category. Total rents are: $7675/mo.
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