Multifamily Investor Opportunity: Listed at a 8% cap rate with 8.65% Cash on Cash. Property throws off almost $25,000 annually not including depreciation. Make over 11% on your equity and let the cash flow.
Property is Mixed Use.
3 Commerical Units (See 2bed payments) Average Rent $670
16 Residential Units - 8-Efficiencies and 8-1 Bedroom/1Bathroom units. Average rents of $660 and $705
1 Vacant held for showing.
Property is heat and electric furnished, both on Budget Billing.
Newer High Efficiency Boiler in 2018.
New Roof Treatment per scheduled maintenance.
Approximately 50% of residential units are updated, remaining are long term tenants.
Tenants enjoy living here and pay their rent, no late pays past 30 days.
Buyer agent must provide Proof of Funds, Bank Letter/ Pre Approval to view property or Offer Memorandum.
All offers written on Special Sales Contract.
Please do not disturb tenants.
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