Is this a good deal?

[Antonio Bodley]

EXECUTIVE SUMMARY

Attention Investors - 100% occupied and all current paying tenants! Interior photos have been added. Interiors updated- Multi-family apartment building has 10 units. All 2 bedrooms, 1 bath. Current rents range from 550-600/mo. New leases could bring $700/mo+. All units currently rented and tenants pay electric and water/sewer. Taxes are $2627 per year and Insurance is $9,600 per year.

PROPERTY FACTS

Price

$559,900

Price Per Unit

$55,990

Sale Type

Investment

Cap Rate

8.28%

No. Units

10

Property Type

Multifamily

Property Subtype

Apartment

Apartment Style

Low Rise

Building Class

C