Please submit your Highest and Best offers by Monday, January 22 at 2 pm. Welcome to an incredible investment opportunity! This property boasts 4 rental units and combines both great potential and immediate returns. The first unit was intentionally left vacant for a future owner-occupant. Currently, 3 units are occupied by reliable tenants under lease agreements, ensuring a consistent cash flow. Rents are: unit 2 (1bd) $1350, unit 3 (1bd) $1025, unit 4 (1bd) $1450. Unit 1 (3bd) is vacant. The last rent for unit 1 was $1650 (in 2023).
Gros income: $65,700, Net income: $43,627 and an impressive CAP rate of 10%.
Sold "As is"
For investors with an eye for future growth, there's significant upside potential. By strategically adjusting rental rates or completely renovating the first unit, the investor could further enhance the property's financial performance and potentially increase their cap rate. Additional Information: HeatingFuel:Oil Above Ground,