Excellent investment opportunity! Well-maintained five-unit apartment building featuring five spacious 2-bedroom, 1-bath units. All units are currently occupied with annual leases in place, providing stable rental income with approximately 11 months remaining on each lease.Current monthly rental income totals $6,932, offering strong cash flow potential. The property has been well cared for, with nicely updated interiors throughout all units. Average monthly utility expenses include approximately $190 for water and $195 for trash.Conveniently located less than one mile from Highway 180 with easy access to shopping, restaurants, schools, and other amenities. This income-producing property is attractively priced and offers an excellent opportunity for investors seeking immediate cash flow and long-term appreciation.At the asking price of $700,000, the property offers an estimated 9.2% cap rate based on current income and operating expenses. Don't miss this opportunity to add a solid performing asset to your investment portfolio
Explore the cost of this home by adjusting the details. Changes won't be saved.
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.