This is a remarkable investment. If you paid full asking price with a 25% down payment and kept the below market rate rents currently being charged, the property would turn a 14.8% return on investment in the first year with a 9.4% cap rate. Rent Roll is $56,400 yearly. There are no leases. Expenses amount to $21,000 yearly including taxes. The furnace and all windows were replaced 10 years ago. There are two hot water heaters. This is a must see!--------------------------------------------------------------------------------
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.
