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Great investment for buy & hold investors
All units are rented with one year leases and no month to month tenants. Also almost all tenants are long
timers and have been there for several years. All tenants were carefully screened by the self managing
owner and are very reliable tenants who pay on time.
– The only vacant property is one of the triplexes that is being completely rebuilt and should be completed
by the end of September 2017.
– There is a loan on the portfolio that can be paid o or assumed. Its a 30 yr xed at 6.6%. Balance is $1.58M.
Price Per door: $123,382
8% cap rate potential for 12% cap rate.
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There is a loan on the portfolio that can be paid o or assumed. Its a 30 yr xed at 6.6%. Balance is $1.58M.
– 2 Five-Plexes
– 4 Four-Plexes
– 1 Tri-Plex
– 1 Duplex
– 2 Single Family Homes
– 1 Townhouse