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Updated almost 9 years ago,
Cape Cod house and 3 unit FULLY Rented. Turnkey! 13.5% CAP Rate!
Fully Rented, Under-Rented 4 Unit. Just take the keys~
This 4 unit consists of a 4 bedroom single cape cod house and a 3 unit of 2 bedroom apartments. It also has a garage and workshop that could be rented for an additional $300/month.
Near Harrisburg, PA
The units can all be refreshed down the road and command more rent. They're currently under-rented. The cape cod is rented at $900 and should be at $1,100. The 2 bedroom units should be at $675. That would be an additional $3,720 a year.
Monthly INCOME: $3,115
Water: $150
Maintenance: $155
Lawn care: $75
Insurance: $167
Taxes: $333
Asking: $198,000 Appraised in 2013 for $240,000.
NET Monthly Income: $2,235 (13.5% CAP rate!)
*Only 1.5 hrs from Baltimore, 2 hrs from Philly, and 3 hrs from New York City.
Please message me for more pics and info.
I also have many more rental and flip opportunities that never make it to Bigger Pockets, so please feel free to email me with any interest.
Thanks for checking it out!