Solid, well-built, and steady income for this multi-family investment property with multiple 10 year + tenants. 5 units total, all 2 bedroom / 1 bathroom with central AC units. Large king brick exterior with cinder block divider walls between units keeps maintenance costs / noise complaints at a minimum. All 5 units have identical floor-plan, mixture of carpet and vinyl throughout, and washing machine hook-ups. Proforma rents ranging from $395 for long term tenants to $450 per unit for anything recently rented, rent roll available through listing agent. 100% occupied now, priced at 13.35%+ cap rate with a 35% operating expense factor.
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