Photo 1 of 19
$570,000
Sold on 11/16/20
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
|
0 |
$11,301 |
1926 |
|
On the market:
128 days
|
View full details, 15 photos, school info, and price history
Double digit Cap Rate! Fantastic 12 unit, tons of recent work including rehabbed 8 car garage, tuck pointing, French drain, new paint and flooring, many new radiators, many new appliances. Spacious 3 bedroom units renting at $795, owner has recently turned over building with fresh tenants, three more to fill. Market rents total $8615 with garage rents to be an additional $400 per month when filled. Owner willing to continue to manage for new buyer if desired. Cap rate of 12% based on pro forma income with 5% vacancy.
