Great income opportunity. 4 units are 2 bedrooms and 1 bath. The others are 4 one bedroom w/1 bath. 8.95 times gross. 8.8 cap rate. Using 30% downpayment fixed rate/amortized 30 years/debt payment using 21% expenses you get approx 11% cash on cash return. These are excellent numbers and this bldg makes sense. The condition is AAA with the interiors having major upgrades including commercial grade carpets and nice materials and bathroom/kitchens looking good. The bldg is full up and is ez to rent. All units have their own hot water heaters a real plus and all units have their own gas and electric meters. 4 garages and 2 are rented. Good size apts and very clean site. Laundry is owner owned and operated as a cash cow. The rea is clean and the street scene is a mix of homes and apts.
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