PROFITABLE income property with "potential for greater income" by bringing the rents up to market rate. Rental income currently well below market and all 5 units are TAW. Building is currently fully rented and cash flowing. Low to no yard maintenance provides a cost savings. Units have ruggedized wainscoting panels to reduce possibility of resident damage and reduce maintenance costs. Great neighborhood with mostly single family and small multifamily properties brings in a higher quality resident and with it lower management burden. AVERAGE 1 Bedroom rent for this area as $750 per month. NOTES: Newer rubber roof, vinyl siding, windows, water heaters, TWO NEW (2014) heating systems, separate utilities for each unit. Water and Sewer included in rents. $37,440 Gross income, $3,120 (1/12) vacancy rate, $34,320 NOI, Gross Multiplier 8.88, Cap Rate 10.32% To maximize time we highly recommend that all buyers tour the neighborhood and view the exterior prior to touring! Lead Certs in Hand!
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.
