Great 6 Unit All Brick Apartment Building. Very Spacious Units. Four Units are 2 bedroom and 2 baths. One unit is 1 bedroom and Den with 1.5 baths and One unit is a 1 bedroom and 1 bath. Each Unit has a Balcony or Patio. Each unit has their own storage bin. Units are approximately 1100 Sq. feet. Building has Laundry Room, Very Large Parking Lot, Private Garage and extra lot of land. Units are separately metered, tenants pay their own gas and electric. Landlord pays water. Long term tenants in place, rarely a vacancy. Recent updates include 4 new HVAC systems and updated Electric Panel.
Current rents below market but still good. Rents average over 60k annually with a Cap Rate of approximately 7%.
Long time owner, easy building to manage. Great Tenants.
Courtesy of: Samson Properties Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 26th September, 2021 9:24 AM