Quality 9 plex with 8 2 BR, 1 BA units (849 s.f.) and 1 1 BR, 1 BA unit (719 s.f.). New bathrooms in most, new kitchens in 4 units. 8 units have newer electric furnaces and A/C units. 2 units vacant right now for showing. Owner has kept rents low as he prefers quality tenants with higher credit scores and better references. Rents could easily be $750 or more. Cap rate just over 5% with current rents. Currently rented by property management company. Do some of your own maintenance and save big money! Opportunity knocks for a savvy investor. Roof new in 2014, HVAC updated w/ electric furnaces except #15, which still has a 2003 gas furnace. Hot water provided by owner. Coin op washers are new, dryers newer. 9 off street parking stalls. This is a very nice building.
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