New updates have been done to the exterior of this investment property. This 6 unit apartment building in South Olean has a great history of income production. Centrally located, this property is easy to rent and provides a good value. The property is in need of some repair, but still is producing income steadily. Utilities are water:$200 gas:$225, electric:$275 all paid by landlord. Gross rent is $3,400 per month, taxes are $350 per month. Net rent of about $1,700 per month (including operating and vacancy expense). Cap rate of 20.4% with 10% vacancy and 8.5% operating expenses
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
