Exciting investment opportunity now available in the quaint hamlet of Glasco. (4) 1-bedroom units are nicely sized and in very good condition. Low maintenance, with an abundance of parking, fully occupied for immediate cash flow. Units are rented well below market value making an opportunity for potential of higher return on investment. Tenants properly maintain their space, pay for their own electric and garbage removal. Cap rate at asking price (including all expenses with vacancy and repair/maintenance expense) is just about 8%, cap rate at market rents is over 10%. Please see attached associated doc's for full income and expense sheet.
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.
