8 unit Multifamily NOI 47k, asking 459k, take a look!

[Pat C.]

8 unit for sale $459,000.00

new roof

NOI $47,050

CAP 10.23%

This is a well maintained two-story efficiency apartment building, built in 1925; it has beautiful wood floors, "vintage" bath tubs, Murphy Beds and upgraded

electric and plumbing. Owner plans to replace roof by 2018. Additional features include a car port, enclosed front porch, and a fireplace. It has 10.23% CAP

RATE and it is a zoned commercial area potential for future conversion to commercial use such as offices. Located just 1 block from US #1.

please let me know if you would like more details or take a look at the Offering Memo.

-Patrick