Photo 1 of 16
$1,300,000
Sold on 10/04/24
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
|
0 |
$7,582 |
1940 |
|
On the market:
45 days
|
View full details, 15 photos, school info, and price history
This tremendous Multi-Family property generates cash flow with 9.5 cap rate, low vacancy and sits on 5.29 acres in the Town of Lisbon. The property consists of 5 buildings (14 units) & 36 outside parking spaces. Units w/similar layouts include; living room, kitchen, dining area, 2 BRs & 1 BA. Since 2020 seller has done extensive updates on the property including; new roof on all buildings (2023), updated approx. 12 units with new cabinets, appliances, countertops, flooring, bathrooms, new asphalt for parking lots, 1 new septic system & many units w/new mechanicals, windows, & all exterior doors. Property has potential for more development w/5.29 acres of land & rent increase. Tenants pay gas, electric & heat. Great location & minutes from shopping, entertainment & the freeway system.
Listing courtesy of Bob Sefiddashti, Shorewest Realtors, Inc.
