WOW This is an amazing investment! 2 for 1. Let me introduce The Hazelwood combo. There were only a few of these units available that were grandfathered in. There are TWO 1 bed 1 bath units each totaling 480 sqft for sale under the same parcel number and the reason this is so important is you only pay for one HOA fee. So 2 units, 1 HOA fee which is $140 per month. Both of these units are currently occupied with Sec 8 Tenants. Both tenants have rented for several years. The rents total $1521.00. Unit 4 pays $746 per month and unit 5 pays $775.00 If you do the math this property has a CAP RATE of 13.6% (based on annual rent less annual taxes and HOA fees).
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