Here is a Great Opportunity to own this 18 Unit Apartment Complex, with a Cap Rate of 6.
4%.
Qualified investors can assume loan in place at an interest rate of 4.
85% with 30 year amortization.
Property provides excellent cash flow as the current owner has invested over $160,000 in capital improvements; fencing, new gas lines, two operational laundry rooms, operational store rooms/storage areas, security cameras, exterior painting, fenced in and demarcated parking lot, and numerous safety improvements This property has 16-One Bedroom and 2-two Bedroom units.
Most(~80%) units are upgraded with numerous improvements such as new flooring, cabinets, countertops, bath tubs, windows, Interior Painting, appliances New ownership can take advantage of dependable and consistent cash flow as most of the units are rented to tenants where government agencies or external programs pay most of the rent This is a Must See!
Please Text “72546” to show contact info to get more information on property or click reply above to send email.
This property is NOT for rent.
Property may be Active or Pending, may be listed with an affiliated agent.
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