FIVE UNITS FOR SALE-two different owners in a newer building with 14 units-12 are rentals Total rents @$4105 per month giving this a 7.07 GROSS cap rate. One unit is a studio, others are 1 BR's with a den. NEWER project you don't even notice from the street as main floor is commercial spaces. There's a garage door for security, drive in, door closes, then units are upstairs. Next door to a 7-11 (tenants love that) and on bike/bus routes. Units 101,205, 206, 210 and 212 are included in the package at this price and the units can't be sold individually. No conventional financing, excellent roll for 1031 monies. Tenants do not know units are up for sale, make offers subject to inspection. Photos provided are just an example of interiors. All units have W/D hookups. Budget, leases attached to MLS (names whited out). HOA fee per unit is $110 per month, covers maint, water/sewer/insurance on exterior. Sellers figure 5.5% NET CAP. calculations attached to listing-
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