Income Producing property. Walking distance to stadiums and easy access to I-95 & I-295. 18% Gross CAP rate. Fully remodeled in 2009. Everything new. Current tenant in place since April 2015 paying $1095/month and will be renewing this year. POF required for showing. Wholesalers welcome. Bring your buyers! Rent: $1095 Management: $100 Tax & Insurance: $258 Cash Flow: $827 CAP Rate: 14% Mortgage: $439 Purchase Price: $70,000 cash or hard money. $2000 Non-refundable EMD to take it off the market. POF Required for showing.
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