Description
Good cash flowing 8 unit building. Average rents are $500/mth. There is an identical building next door where rents were advertised at $600/mth. Seller has done several repairs/updates including, but not limited to a new roof, new doors, some updated plumbing and electric, some water heaters, painting, flooring, windows, and more. We should be around a 10% CAP rate at current rents. It'll be higher when you raise them. Building is in decent shape, but could use some touchups here and there. Only showing one vacant unit now. You can see the rest with an accepted/contingent offer. DO NOT DISTUB THE TENANTS. Be sure to check out our VIDEO walk through.
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0BEDS
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0.16ACRES
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0BATHS
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01/2 BATHS
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7,992SQFT
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$34$/SQFT
School Information
Description
Good cash flowing 8 unit building. Average rents are $500/mth. There is an identical building next door where rents were advertised at $600/mth. Seller has done several repairs/updates including, but not limited to a new roof, new doors, some updated plumbing and electric, some water heaters, painting, flooring, windows, and more. We should be around a 10% CAP rate at current rents. It'll be higher when you raise them. Building is in decent shape, but could use some touchups here and there. Only showing one vacant unit now. You can see the rest with an accepted/contingent offer. DO NOT DISTUB THE TENANTS. Be sure to check out our VIDEO walk through.
Listing information © 2022 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2022-05-18T08:39:28.727.
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Listing provided courtesy of Welcome Home Realty Group, Llc. Listing information © 2022 Mid America Regional Information Systems, Inc.