14% cap based on rents actually received ($54K+ in 2011). Two 2 1BR/1BA units, 5 cottages, and a 3BR/1.5BA Mobile Home---all on 3 acres. Many units have been recently renovated. Two storage sheds also on site, in addition to a large pump house that could accommodate coin-operated laundry for the units. Multiple possibilities: 1) Great investment with $50K+ income, 2) Live in one of the units and have the income from other units pay all expenses, or 3) Use as a family compound. Broker discloses interest.
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