Beautiful 6-unit bungalow property on a great street. Three side-by-side duplexes. Four of the units are 1BR + den, the other 2 are 1BR. All units have some outdoor space. Low expense property where tenants pay gas, electric and trash. Individual water heaters. Great in-place cash flow with lots of upside as well. Going-in cap rate of 4.50% allows for good leverage on the purchase. Market cap rate of 7.66%. The Units of 1952 and 1954 has Gated front yards. 3912 Unit has a gated side and small backyard. The other units share a common side yard area. Most tenants use the Den as a second bedroom. Tenants do not know the building is for sale, Please do not contact any tenants - Tenant interview is only upon accepted offer.
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.
