Description
Great investment - 11.25% ROI - This is a single building with 5 units and a laundry area, also a storage area. Building has been under property management for many years and is in great condition. all units have been upgraded over 5 year period, as units became vacant owner rehabbed. newer roof, stucco walls. fire alarm system, no violations. newer replacement windows. all units are electric and the building is completely electric. separated utilities. The area is housing values are increasing and the community is quiet. Great investment for stable income. always have long term tenants. Not a lot of turn-around. extra net income on laundry 200 monthly. Gross rents are $4,245. Priced to sell AS IS. single family dwelling is current zoning. New owner responsible for zoning change.
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0BEDS
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0.04ACRES
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0BATHS
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01/2 BATHS
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3,280SQFT
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$117$/SQFT
Description
Great investment - 11.25% ROI - This is a single building with 5 units and a laundry area, also a storage area. Building has been under property management for many years and is in great condition. all units have been upgraded over 5 year period, as units became vacant owner rehabbed. newer roof, stucco walls. fire alarm system, no violations. newer replacement windows. all units are electric and the building is completely electric. separated utilities. The area is housing values are increasing and the community is quiet. Great investment for stable income. always have long term tenants. Not a lot of turn-around. extra net income on laundry 200 monthly. Gross rents are $4,245. Priced to sell AS IS. single family dwelling is current zoning. New owner responsible for zoning change.
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