Attention investors Cash-flowing single family residence! IN-PLACE CAP Rate of 8.60% with a GRM of 9.26. This property is a single family residence, currently configured as FIVE (5) completely divided (private entranced) multifamily units. The unit mix consists of one (1) studio unit, one (1) one-bedroom unit & three (3) two-bedroom, one-bathroom units. The property represents a tremendous opportunity from day one with a 7.4% cash-on-cash return, with a total return of 9.4% after principal reduction. All units have separate. private entrances, kitchens and bathrooms. There is also a common area laundry room onsite for added income potential. The property is ideal for investors, multi-families, multi-generational families, care facilities, VA housing etc. Property is fully fenced, with onsite parking, zoned SFR single family residence. Buyer to conduct their own due diligence regarding zoning, permits, alterations, permitted usage, and configuration. The property has had recent capital improvements to the roof, interior updates including granite counter tops, updated cabinetry, updated bathrooms, tile work, new flooring in units, and more! Owner also recently installed ALL New Mini-split Heating and HVAC systems to all units, with new ducting throughout the property. Turn-key cashflow opportunity.
Listing Agent: WAYNE KRENTEL 01962714 Courtesy of: LE INVESTMENT GROUP "All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Updated: 30th November, 2022 3:41 PM (UTC)
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