GREAT CAP rate of 9.6%!!! Tremendous upside because they are condos....NO RENT CONTROL!!! 6 Condo Package in a building of 9 units. By owning 6 units (top 2 floors), you have majority voting rights & control of HOA. ALL expenses are included in HOA fee per unit: (Heat / Hot Water / Building Insurance / Snow Removal / Cleaning / etc...) TOTAL HOA FEE for all 6 units: $15,204/ Year. TOTAL TAXES for ALL 6 units = $15,352/Year. GOI = $78,408NOI = $47,852ALL 2B/1B units, each rented for $1,100/month. Collect a great ROI, & have 2 exit strategies...sell all 5 at a later date OR sell individually since all have separate deeds!!! 1 BLOCK FROM THE LIGHT-RAIL!!! Corner Lot!!! Fire station located half a block down. Very clean & quite street! True instant TURN-KEY investment!!!Contact Gershon Adjaye of Gersh Group to arrange a showing or for a detailed photo slide show email: Gershon@GershGroup.com
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