11% Cap rate!! Phenomenal opportunity being sold ON market, in a growing local economic market. Section 8 lease with the tenant currently leased for $1600.00 per month (below rent market value) other subdivision units have recently rented for $1725.00 and and $1750.00.These units are are rarely on the market-- Ample 3/2 with in unit laundry. Nice floor plan, open community. COA $125 per month.The tenants cover water AND electricity. Make your investment even greater by taking advantage of this purchase; surrounded by an INFLUX of brand new residential developments; around the corner from where the future Larkin Health Science University site, a 42 acre expansion to come...IF IT IS ACTIVE IT IS AVAILABLE... CAN BE SOLD IN A PACKAGE OF 3 UNITS, ALL IN THE SAME COMPLEX, SAME OWNER.
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