Description
Newly renovated 14 unit apartment complex. (9) 1bd/1ba (5) 2bd/1ba. Recent complete renovation down to studs, all new electrical, plumbing, HVAC. All new appliances, cabinets, fixtures, etc. Luxury vinyl tile throughout. Each unit is separately metered, tenants pay electricity, landlord pays water. Property runs at relatively low expenses. Property has room to build additional units if desired. Current rent is $120,600/yr with room to increase some of the rents. Priced at just over 8% cap rate.
-
0BEDS
-
N/AACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
Newly renovated 14 unit apartment complex. (9) 1bd/1ba (5) 2bd/1ba. Recent complete renovation down to studs, all new electrical, plumbing, HVAC. All new appliances, cabinets, fixtures, etc. Luxury vinyl tile throughout. Each unit is separately metered, tenants pay electricity, landlord pays water. Property runs at relatively low expenses. Property has room to build additional units if desired. Current rent is $120,600/yr with room to increase some of the rents. Priced at just over 8% cap rate.