Looking for an investment property with a 7% cap once all units are rented? Look no further. 4 Flex unit with 1 vacant unit that rents for $395. 3 Units occupied for $395 each. Units are 2 bedrooms, 1 bath, living room & kitchen and laundry area. Renters pay all utilities. Cap info based on all 4 units being rented. 4 units times $395 a month =$18,960 yr gross - $2483.98 taxes-$1840 Property insurance- $2603 flood insurance (with $2000 deductible for $170,000 worth of coverage)=$12033.02 / list price of $169,900 = 7% cap. ****SQ footage and other measurements provided as a courtesy and not guaranteed to be correct. Some information taken from court house system. Buyer to confirm all information that would be important to him or her. '' Information herein deemed reliable but not guaranteed ''****Seller does not have flood insurance on this building because they do not have a loan on the building.
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