Investor Alert. 8 unit apartment complex 100% occupied with great rental revenue and a NEW ROOF. 8% cap rate based on using gross rents less fixed expenses using 2021 rates water/sewer, taxes, insurance, trash, and lawn care only. All the units are occupied and up to date on internal repairs. Many of the units have had a new A.C installed in the past year as well. The complex features a mix of upstairs and down stairs units that are all 2 bed 2 baths and roughly 962 SF. The average rent is 780$.The Complex does need new siding around the unit, but other than that is a great income producing property.
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