Great investment! 7% CAP Rate. Gross rents $36000/year. This building has 4 apartments and a shop which is rented separately. There is a high demand for reasonable rentals in the area, so very low vacancy. 3 units have been upgraded over the last year and half. Much of the deferred maintenance has been caught up. New furnaces in 3 units, new water heater, many new appliance, new cabinets in 2 units, roof is just a few years old. Seller financing will be considered with 20% down, 6% interest, 30 year amortization, 10 year balloon payment. Do not disturb tenants!!
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