This well maintained, fully rented 2 unit apartment has a cap rate of 10.72% (see sheet in documents for calculation)! This is the ideal income generating investment as both tenants are currently under annual leases. Gas and electric utilities are separated in each apartment so the tenants pay for their own use. All improvements made with the long term in mind. Fully leased income of $1345/month ($520 Apt. 1 and $825 Apt. 2). Photos show property prior to tenant move in. Sales Broker willing to offer 6 months free management to new buyer. Don't let this opportunity get away!
The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX.Properties listed with brokerage firms other than Northrop Realty: A Long & Foster Company are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers.The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified.All listing information copyright MRIS 2019.
Listing information last updated on October 22nd, 2019 at 8:16pm EDT.