THIS 3 FAMILY IS AN ACTUAL SOUND INVESTMENT, VERY RARE FOR TODAY'S MARKET. WITH $69,300 IN GROSS ANNUAL RENT EVEN WHEN YOU USE 30% OF THAT GROSS RENTAL INCOME TO CALCULATE EXPENSES (EVERYTHING BUT DEBT SERVICE IS IN THAT 30%) THIS CASH COW IS STILL BEING OFFERED AT A 7.5% CAP RATE!!!! TIRED OF LOOKING AT BUILDINGS WHERE THE CAP RATE IS CLOSER TO 0% THEN 5% THEN THIS IS THE BUILDING FOR YOU. ALL 3 UNITS ARE SUBSIDIZED & THE TOTAL RENT PAID BY THE TENANTS IS ONLY 20% OF THE GROSS RENTAL INCOME EVERY MONTH. THIS PROPERTY IS AN ACTUAL INCOME PRODUCING INVESTMENT PROPERTY AND IS PRIMED FOR A NEW INVESTOR TO BUY IT AND COLLECT THEIR 7-8% RENT ANNUALLY WITH THE USUAL RENT INCREASES ONLY IMPROVING THEIR RETURN OVER TIME OF OWNERSHIP.
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