Turnkey investment with tenants in place in 3 units. Rents are under market and tenants know rent will be increased. They are all month-to-month. Some units need improvement but everything is functional. Landlord pays all utilities but they are very reasonable. Unit#4 and basement can be viewed without an appointment. 36 hours notice to view occupied units. Cap rate is nearly 10% at existing rents. When rents go to market rate, the cap rate will increase dramatically.
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listed For Sale | $169,000 | $84 | Snyder & Snyder Real Estate |
Year | Annual Amount | Description |
---|---|---|
2024 | $2,691 |