Four family in average condition with a very good rental history priced below town assessed value of $176,700. Building is located within a short walk to stores and is on the public bus line. The building has a coin-op laundry in the basement for added income. The current Potential Rental Income is $24,900, expenses are $10,434. Figuring in a 5% vacancy factor the current NOI is $13,702 which represents about a 9.8% cap rate at list price and a 18.8% cash on cash return based on 20% down plus closing costs.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
