This is a 5 Family building that was legally converted to a four family, converting 2 of the apartments into one with 5 Bedrooms. The 2 bedroom and a 1 bedroom are way below market value . There are no leases except the section 8 tenant, and everyone is month to month . Currently its a 10% Cap rate . Which is a great return on Investment providing the rents are under market value for 2 of the apartments . The one bedroom that is getting $1500 a month is section 8 !!! Motivated Seller !!! This property can easily be converted back to a 5 family If thats what you want to do . First time Home owners Welcomed , We can help you get financing with only 3.5 % down call and ask me how ...
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