Well maintained rental property for sale. 11.64% Cap Rate. THis is as close to campus housing as you can get. Not to mention an 11% return on your money. Currently rented for 2016 - 2017 school year, 6 Bed Rooms, 2 Full Bathrooms. Current monthly rent is $3,300/month. So there is room to increase. I have owned the property for 6 years only had two sets of tenants and it has never been vacant. Roof is only 3 years old, Scheduled to be painted in the fall. Recently expanded parking in the back yard for up to 10 cars so there is room for parking income as well. This isn't a fire sale, I am making great money on this investment so no low ball offers. The only reason I am selling is that I am buying a building for my business. I am an Owner Agent.
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