**EXCELLENT INVESTMENT OPPORTUNITY** - 5 UNIT - Fully Occupied, 100% leased. All tenants are on annual leases. Property consists of (4) - 2 bedrooms, (1) - 3 bedroom. Current Gross Rent Roll is $78,480/year with an automatic 3% rent-roll increase built into each lease. Rents are currently BELOW MARKET. Should be closer to $82,800/year. Current operating expenses (including taxes) are $13,554. Net Operating Income is $64,926. Cap Rate of 10%. Great ROI on your 25% down payment. All utilities have been separated. Tenants pay all their own utilities. 4 of 5 the gas FHW furnaces have been replaced in the last few years. Breaker panels upgraded 2018. Replaced two flat roofs 2016. Property Management Co already in place to manage the property, if you wish to keep. See attached income and expense breakdown. GROUP SHOWING THURSDAY SEPT 12TH AT 11AM. PLEASE BE ONE TIME.
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.
