Description
INVESTMENT OPPORTUNITY Income Producing Residential Units 16 Residential income producing units consisting of (5) single family homes, (4) duplexes, (1) Triplex, plus a separately leasable garage with office - used as a car dealership. Zoning is B-1. Buildings are all considered legal non-conforming, (2) wells, (6) septic tanks, (3) lift stations. Several of the units have been completely rehabbed. ($185K in capital improvements in the last 3 years) 7.8% CAP rate. Proforma CAP rate is 8.7% bringing rents on certain units to market. Contact broker for rent roll and operating statement.
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0BEDS
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2.5ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
INVESTMENT OPPORTUNITY Income Producing Residential Units 16 Residential income producing units consisting of (5) single family homes, (4) duplexes, (1) Triplex, plus a separately leasable garage with office - used as a car dealership. Zoning is B-1. Buildings are all considered legal non-conforming, (2) wells, (6) septic tanks, (3) lift stations. Several of the units have been completely rehabbed. ($185K in capital improvements in the last 3 years) 7.8% CAP rate. Proforma CAP rate is 8.7% bringing rents on certain units to market. Contact broker for rent roll and operating statement.
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