Description
Investment opportunity! All 12 units are 100% occupied - currently renting for $1,000 to $1,100 but could be raised to $1,250. Rents will be increasing on each unit to $1,150 starting April 1st, 2025. All units are 2 BR, 1 BA. New roof and sewer. Taxes are $5,000 - $6,000. There is space to build self-storage units or laundry area. Management fee 5%, cap rate of 7%
$1,900,000
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0BEDS
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0.79ACRES
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0BATHS
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01/2 BATHS
School Information
Description
Investment opportunity! All 12 units are 100% occupied - currently renting for $1,000 to $1,100 but could be raised to $1,250. Rents will be increasing on each unit to $1,150 starting April 1st, 2025. All units are 2 BR, 1 BA. New roof and sewer. Taxes are $5,000 - $6,000. There is space to build self-storage units or laundry area. Management fee 5%, cap rate of 7%
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