Year Build: 0
Building Size: 3,870 SqFt.
No of Stories: 1
Total Lot Area: 9936.00 SqFt.
No of Parking: 0
No of Total Units: 8
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 100%
Full Description
Well maintained 8 unit, one story, apartment building. This asset was built in 1952 and consist of 3,870 leasable square feet situated on a 9,936 square foot lot. This offering provides investors an opportunity to own a cash flowing asset with a going in 8.1% cap rate. This property has a strong rental growth factor with an 13.6% cash on cash return. Historically has maintained 100% occupancy. The asset is a turnkey investment that offers the investor significant upside with stabilized cash flow. All units are 1bed/1bath. Tenants pay the electricity and the water. Easy and economical to operate and maintain. Long term tenants.
Electrical and plumbing were completely renewed 6 years ago. Property has separate electric and water meters for each unit. Rents below market. FOR ADDITIONAL INFORMATION CONTACT CONSTANTIN CIORTAN AT 954-980-7633.
Broker Message
FOR ADDITIONAL INFORMATION, PLEASE CONTACT RANDY NORTH @ 954-483-0909