Your search for the perfect Investment stops here! This is a rare opportunity to own a 5 unit complex zoned Commercial/Apartment Improved. Units are 100% leased. Includes (4) 1 Bedroom Studios and (1) 2 Bedroom unit. There is a huge upside to this investment. Current owner pays water, electric and gas. A new owner can change all leases to a triple net format lease and leave current monthly rentals at same rent. This will take the investment from a 11.5 CAP to an 18.5 CAP. All units have separate gas and electric meters. All units include a stove and Refrigerator. The 2 Bedroom unit includes a washer and dryer. New roof in 2019. End cap unit was recently remodeled with new furnace, hot water tank and appliances. Don't miss out, this will not last!
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.
