PRICE REDUCED - 9.1% CAP RATE in the FAN. Gorgeous 4-unit building located in prime Fan/VCU area location. Current monthly rent roll is $3705/month for all 4 units. Large, sunny Apartments with hardwood floors and off stree t parking which owner does not charge for. Very easy to rent. Excellent tenants in place. Electric and Heat are Seperate and Paid for by the Tenants. Owner pays Water, Trash and Sewer and hall lights only. 2011 Annual Utility Expenses were $3246. Total Annual Expenses including Taxes and Insurance are $9354. Great bones, high quality tenant mix. Gem of a location in the Fan/VCU area. This investment represents a 9.1% Cap Rate at this price!!
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