|Lot Size: 59X120|
|Garage Size: 3|
Every unit has been completely redone. New kitchens, redone floors, new mechanicals along with new roof; plumbing and electrical redone as well. The units are solid money makers with pre-screened quality tenants. Turn key building. With 20% down and at 8.5% rate you can earn nearly a $1,000 per month.
Tenants pay own heat and electric
Cap rate is 12%. All figures include 5% vacancy rate ($2,280), taxes ($2,854), common area gas and electric ($217 per month), and a monthly maintenance reserve. Does not include insurance.