Description
SIXTEEN one bedroom/one bath units. Turnkey and ready for you to add to your portfolio. Ten of the sixteen units have recently been remodeled, see pictures for a peek. Remodeled units are renting for $650.00/month. The six awaiting a remodel are renting from $450-485.00/month. Security deposits on all units. Many units have updated appliances and major components. Seller numbers reported INCLUDE a vacancy rate adjustment of 5%. Sale includes Parcel number 22-2-20-18-16-404-005 ((2) 8-unit apartment buildings) and parcel number 22-2-20-18-16-404-006 (adjoining vacant lot.) Current pricing reflects remodels, filled vacancies, GC inspections, additional parcel of land and market pricing. Roofs were replaced in 2018. HVAC inspections conducted 08/2022. Additional inspection dates in supplements. With current rents and adjusted vacancy rate, Seller reports cap rate still looks to be in double digits. Don't wait!! Real estate has proven to be a solid investment and investors are everywhere.
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0BEDS
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0.65ACRES
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0BATHS
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01/2 BATHS
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4,800SQFT
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$135$/SQFT
School Information
Description
SIXTEEN one bedroom/one bath units. Turnkey and ready for you to add to your portfolio. Ten of the sixteen units have recently been remodeled, see pictures for a peek. Remodeled units are renting for $650.00/month. The six awaiting a remodel are renting from $450-485.00/month. Security deposits on all units. Many units have updated appliances and major components. Seller numbers reported INCLUDE a vacancy rate adjustment of 5%. Sale includes Parcel number 22-2-20-18-16-404-005 ((2) 8-unit apartment buildings) and parcel number 22-2-20-18-16-404-006 (adjoining vacant lot.) Current pricing reflects remodels, filled vacancies, GC inspections, additional parcel of land and market pricing. Roofs were replaced in 2018. HVAC inspections conducted 08/2022. Additional inspection dates in supplements. With current rents and adjusted vacancy rate, Seller reports cap rate still looks to be in double digits. Don't wait!! Real estate has proven to be a solid investment and investors are everywhere.
Listing information © 2023 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2023-03-26T23:39:16.17.
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