Investors. Here is your goldmine! An 8 unit block construction building; (1) 2 bdrm, 2 bath unit, (6) 2 bdrm, 1 bath units, and (1) 1 bdrm, 1 bath unit that would be perfect for an onsite property manager. Some work has been done, but we have provided significant pics so you can see what is left, which includes the major items of electrical re-wiring and (our suggestion) would be to do window units for HVAC. Cash flow analysis: (1) 1 bdrm unit $450 per month, (6) 2/1 units x $550 per month = $3,300 per month, (1) 2 bdrm, 2 bath unit $600 with very large bedrooms = total monthly projected rental income of $4,350. All units are separately metered for water and electric so only hard costs to owner are $139 per month property taxes and roughly $150 per month for insurance. Projected annual net cash flow of $48,732. We can finance this property with only $32k down, loan amount of $128k with monthly payment of around $650 per month!
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.
