Description
PRICE DROP! Come take a look at this incredible value add 4-plex opportunity located in booming area! With over $100M in infrastructure in surrounding areas including newer grocery store, strip centers, police station, plus less than 10 min to downtown! Currently 3/4 units are vacant and will need some cosmetic repairs to be rent ready, remaining unit is occupied at $1016/mo. This building is all electric with separate meters, no gas, 1 master water meter. Each unit has it's own HVAC and WH. With 3x2 bedroom units with potential gross rent of $1258/mo (utilities included) and 1x3 bedroom unit with potential gross rent of $1645 (utilities included), Proforma projects 8.89% cap rate, see supplements for details. All details and proforma are estimates based on opinion and FMR, Buyer's agent to verify. DO NOT DISTURB TENANT IN OCCUPIED UNIT.
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0BEDS
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0.13ACRES
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0BATHS
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01/2 BATHS
Description
PRICE DROP! Come take a look at this incredible value add 4-plex opportunity located in booming area! With over $100M in infrastructure in surrounding areas including newer grocery store, strip centers, police station, plus less than 10 min to downtown! Currently 3/4 units are vacant and will need some cosmetic repairs to be rent ready, remaining unit is occupied at $1016/mo. This building is all electric with separate meters, no gas, 1 master water meter. Each unit has it's own HVAC and WH. With 3x2 bedroom units with potential gross rent of $1258/mo (utilities included) and 1x3 bedroom unit with potential gross rent of $1645 (utilities included), Proforma projects 8.89% cap rate, see supplements for details. All details and proforma are estimates based on opinion and FMR, Buyer's agent to verify. DO NOT DISTURB TENANT IN OCCUPIED UNIT.
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