Description
Investors!! This 16 unit apartment complex is on 4 separate tax lots, 40 x 120 sq. ft. each. There's plenty of off-street parking spaces on the street side & the alley side - 2 per unit. The complex has four 2-story 4-plex buildings & 2 laundry rooms, currently not in use. All units are spacious 2 bed/1 bath. Roofs are all newer. Most units have been completely renovated, with low-maintenance attractive tile flooirnig or LVP flooring and white base trim, among other finishes., with some getting new decks or balconies. Buildings 1402 & 1404 were rebuilt brand new from the studs inward. Some units have electric fireplaces.Great rental history - nearly always 100% occupied. Rents vary between $875-$900. CAP rate is 6.81%, which includes 8% management fee.Buildings are also listed separately, each as a 4-plex.
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0BEDS
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0.44ACRES
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0BATHS
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01/2 BATHS
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12,800SQFT
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$148$/SQFT
Description
Investors!! This 16 unit apartment complex is on 4 separate tax lots, 40 x 120 sq. ft. each. There's plenty of off-street parking spaces on the street side & the alley side - 2 per unit. The complex has four 2-story 4-plex buildings & 2 laundry rooms, currently not in use. All units are spacious 2 bed/1 bath. Roofs are all newer. Most units have been completely renovated, with low-maintenance attractive tile flooirnig or LVP flooring and white base trim, among other finishes., with some getting new decks or balconies. Buildings 1402 & 1404 were rebuilt brand new from the studs inward. Some units have electric fireplaces.Great rental history - nearly always 100% occupied. Rents vary between $875-$900. CAP rate is 6.81%, which includes 8% management fee.Buildings are also listed separately, each as a 4-plex.
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