MLS Number 4635812
- Multifamily Multi-Family
- Units 3
- Bathroom 3
- Acreage 0.16
- Square Feet 2640
All units are leased! This updated and extremely profitable 3 unit apartment building is THE next piece to your investing puzzle-regardless if you are planning to owner occupy or own as a straight investment property. These numbers are out of this world, when fully leased out it can earn over $1,000/month. This is a 24% cash on cash return on your investment! Cap rate is over 12%! Try finding these types of returns on any other investment. As an owner-occupied income property, with the right low down payment mortgage program, you could live for free! Just think of how much cash you can save by living for free. This property has amazing historical performance and current owner has indicated they have had little problem finding renters. No detail has been overlooked as this property has been renovated to make ownership headache free for future owners. Renovations of each unit are now complete and ALL UNITS ARE NOW LEASED! Ease of ownership throughout with convenient updated vinyl windows, new carpet, updated appliances and countertops in unit 1, the spacious, coveted 2 BR apartment. This unit also features washer/dryer hook ups and a jetted tub. It's the crown jewel of this property and is currently rented at $1,150/month. Unit 2 is listed rented for $775. This apartment building has been converted to efficient natural gas heat-and with heat and hot water included in the rent. Each unit has good storage and tenant pays for electricity, trash and cable/internet.
Listed by Ashley St. Gelais and Barb Trousdale, The Barb Trousdale Team of Preferred Properties
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Est. Mortgage: $/month
Federal 30-year interest rate: 4.03% last updated on 2017-07-13
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