For the first time, ''The Cottages at Red Bank'' are available on the open market! Rush to make your offer on these 3 studio cottages on 1 lot in thriving Red Bank! Each cottage is fully rented. Rents are $1,150, $1,150 and $1,100. Tenants pay all utilities (including gas, electric, water/sewer) and handle snow removal. Landlord handles lawn care.With 25% down, this property presents roughly an 8.2% return on investment (ROI) and a cap rate of 6.7%+/-!Each cottage has a kitchen, bathroom and living room/bedroom combo with closet. All appliances come with the homes. There is large shared yard with an owners shed. All homes have cute front porches, vinyl siding and architectural grade roofs. Hurry...this will NOT LAST!! Interior shots were prior to tenant moving in.
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.
