Description
Incredible investment opportunity for this one story 4 unit property. Each unit is 2 bedrooms 1 bath with exceptional but improvable rents. 1 off street parking for each tenant plus on street parking. Current HUD guidelines have rents from $900-1144 for a 2/1. All units separately metered for electric and gas (tenant pays). Owner pays water, sewer, trash. The property is gated with a low maintenance yard. Call for lease information. Avg rent of $837.50 and $93,750 per unit $130.66 per sq/ft. Minimal expenses with current cap rate of 7.5%.
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2BEDS
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0.16ACRES
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1BATHS
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01/2 BATHS
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2,870SQFT
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$131$/SQFT
School Ratings & Info
Description
Incredible investment opportunity for this one story 4 unit property. Each unit is 2 bedrooms 1 bath with exceptional but improvable rents. 1 off street parking for each tenant plus on street parking. Current HUD guidelines have rents from $900-1144 for a 2/1. All units separately metered for electric and gas (tenant pays). Owner pays water, sewer, trash. The property is gated with a low maintenance yard. Call for lease information. Avg rent of $837.50 and $93,750 per unit $130.66 per sq/ft. Minimal expenses with current cap rate of 7.5%.
IDX information © 2024 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2024-09-10T00:05:22.267.
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Listing courtesy of Keller Williams Realty: (505) 897-1100. © 2024 Southwest Multiple Listing Service, Inc.