Fairview Amended Plat

Highlights:

• Lot Features: 1/4 To Less Than 1/2 Acre Lot
• Documents Available: Investment Analysis, Copy Of Lease(S), Other Available Information, Rent Rolls
• Architectural Style: Other
• Cooling: Electric
• Heating: Other
• Flooring: Ceramic Floor
• Construction Materials: Concrete Block Construction, CBS Construction

Description:

Amazing 7 Unit Multifamily Jewel Available! New Roof and New Impact Windows, 100% occupied with long term tenants since the owner purchased the building and updated. The unit mix consists of 3 - 2/1's , 3 - 1/1's and 1 large studio. Easy rent collection and Seller also easily self-manages the property. The Current Gross Income is $123,600. There is room to increase the rents and the Projected Gross Income will be $147,000. Annual Expenses are $29,463 which include Property Taxes:$19543, Water/Sewer:$3600, Insurance $5000, Lawn $720, Exterior Electric $600. Apartment electricity is metered separately and paid by Tenants. Current 6.5% cap, ProForma 8% cap. Seller has done all the hard work for the new Buyer! Collect Income right away with no work needed.

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Listing ID: A11948899