High Cap Rate- This 4 unit property has (3) apartments. Break down is one three bedroom apartment and 2 (two bedroom) apartments. In addition, the commercial garage has water/sewer/electric(separate meter) plus office. The garage is 2400 sq feet plus additional storage units. All units plus the the garage brings in $3500.00 per month. Owner pays taxes only! All units have been renovated and each unit has 2 zone carrier hvac (heat and air) The building exterior was also renovated to include, sealing brick, painting, new windows and newer roof. All electric has been upgraded. This is a "true" turn key investment. All leases were just renewed and their is a waiting list! There is off street parking and additional land to build another multi unit if needed. Where can you make 8% to 9% and know the heavy lifting is already done?
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