Excellent investment with 11.3% cap rate at current asking price! Nestled at the end of the street you will find this 5-unit apartment building. The property features 1 efficiency (studio) unit, three 1/1 units, and one 2/1 unit. All units are currently rented out on one-year leases. The owner pays for water for all of the units per month as well as trash removal (average of $112 total), and electricity for just the efficiency unit (average $50 per month); all other units pay their own electricity bills. All units feature ceramic tile throughout, and come equipped with a refrigerator as well as an oven. The property features a community laundry facility at no cost to the tenants. Please make sure to ask your agent about the MLS attachments, where you will find complete information regarding expenses, as well as additional information about how the units are laid out, how much their rents are, and how much security deposit is held for each. Copies of the leases are available upon submission of offer. There is no owner financing available on this property. Please contact Carlos (786) 239-8849.
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