Have you been waiting to invest in your own apartment building or add to your current portfolio? This will be a great addition or an easy start to your portfolio. The current owners have streamlined this property for ease of use and maintenance. There are 7 apartment units that are all in good condition. 3 Apartments on the first floor, 3 on the second and 1 on the third. The lot that this building sits on is large and could accommodate additional usage such as storage units for the tenants. The property is well kept and has newer siding windows and a brand new roof. Nothing for you to do but take over. There is a basement that could also be converted to laundry for additional since. All 7 units are on month-to-month leases. The current owner has kept monthly prices and could easily be increased.
This is an income-producing investment with a 6.5 cap rate and is ready for you to see today!
Tenants pay for electric water and sewer.