This offering is the opportunity to acquire the entire end of a city block (14,300 sf) with a total of 6 apartments, all 2 bedroom/1 bathroom. High quality interior renovations have been completed on 4 of the units with brand new hardwood kitchens, wood plank vinyl flooring, appliances, and other amenities. Renovated units are rented for $1,195 per month. There are 2 unrenovated units that are slightly larger 2 bedroom/1 bathroom apartments rented at $750 each that are month to month and could easily be updated and bring in $1,195+ per month each. Total annual rent with all units renovated is $86,400. Expenses are water $2,340, grass $780, real estate taxes $6,000, and Insurance $4,800 for total net rent of $72,480. The sale price is at a 7.4% CAP.
Listing courtesy of Beckett Realty Advisors, LLC.