Great investment opprotunity! This 13 unit apartment building was recently remodeled and restored through out into 7 modern studio apartments, 5 two bedroom units and 1 three bedroom apartment with a large balcony, PLUS a 2 car garage and a 1 car garage. This building is making excellent income at a cape rate of 11%, with all tenants on 1 yr leases. Very low expences and good rental history. One unit is currently being remodeled, all other units are full. Current landlord is offering to lease back 2 units paid in full at closing, also willing to negotiate property management for the 1st year if needed.
|Listing Type||For Sale|
|Days On Site||114|