100% occupied, built 1985, 5-unit apartment building with positive cash-flow and upside potential for sale. 4 units are 2 bed/2 bath and 1 unit is 3 bed/2 bath. The 2 bedroom units have a desirable floor plan with 2 storey layout with bedrooms upstairs and kitchen downstairs. There are 4 (2-car tandem) garages and 5 covered carports. The property has been well maintained and recently painted. Electricity and gas are separately metered for all units and common area. Tenants pay for garbage. A laundry facility exists in the back for tenants and extra income. This is easy to manage and maintain. Low maintenance. 6.30% cap rate, 10.76 GRM, 6.30% cash-on-cash, 10.29% total ROI, $53,667 NOI, $4392 expenses/unit/year. Priced to sell!
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