Multi-Family Investment Property with 8.86% Cap Rate

Listing was updated at: 09/25/2019
Property Overview
Price/Rent PSF $ 349,900.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 2,550
Date Available 09/25/2019
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Floors 3
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Description

Location
One block from Main Street.

Sale
Multi-family Investment Property with Great Cash Flow and 8.86% Cap Rate! This 4-unit building has 3 two-bedroom apartments and one studio, new natural gas heater, new gas hot water, newer electric circuit breakers, vinyl windows and roof - all in great condition. A potential 5th unit in the lower level.

Landlord pays the heat and hot water, tenant pays electric. Financials are for the four rented units only. The studio apartment located in the basement had recent water damage and has been stripped out and is now ready for rehab.

Conveniently located just a block to Main Street. Great in city investment with long term tenants.

Location