PRICE REDUCED $400,000 for quick sale! Price is firm/non-negotiable. Terrific cap rate. 55 TOTAL UNITS!!! Great investment opportunity. Well constructed and maintained apartments that are within walking distance of schools, stores, laundry ect. Very good location. Vacancy rates are very low. The 55 units are a mixture of studio, 1 and 2 bedroom units. Nearly 50% of the apartments have been remodeled with new kitchens and ceramic tile. Entire complex was updated with vinyl siding and windows and the roofs have all been replaced in recent years as well. Tenants are on their own meters. Owner provides water and tenants pay remainder of utilities. Total square footage is for the entire complex. Buyer to verify square footage. For total rental income contact agent. There are 10 Studios, 11 - 1 Bedroom, 34 - 2 Bedroom and 36 enclosed garages that rent for $30.00 a month with a coin operated laundry for additional income.
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.
