5 unit investment property, 6.8% CAP rate Located between Trader Joes and Alabama hill off (not on) Alabama street. Very stable and reliable situation. Solid and well maintained house. Figures: gross yearly income: $72456 all yearly operating expenses: (repairs, insurance, utilities, taxes and fees): $11663 net yearly income: $60843 cap rate @ 900k = 6.8% Other information: All units but one are in excellent shape and need no repairs or upgrades. 7.1% CAP rate!
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