26 Unit Apartment Complex/Low Overhead/Outstanding Income
|Catylist Listing ID:
|Number of Units:
|Building Size (RSF):
|Gross Building Area:
||$88,423.08 Per Unit
||Cash to Seller
Overview / Comments
26 UNIT APARTMENT COMPLEX WITH 7% CAP RATE AND 100% OCCUPANCY. Over the last three years, as a unit became vacant it has been renovated. The rental rates have not been significantly raised during that time. 3 units have not been renovated.1 unit have had kitchen renovations completed but not baths. The remaining 22 units have all been renovated with new kitchens and baths. (Including replacing the plumbing behind walls) As a result there has only been three service calls since June 1st. Very low overhead in a great location. Property consist of 26 units in 5 buildings. 12 units are 1100 sq ft 2bd/1.5bth and 14 units are 1150 sq ft 2bd2bth.
||72 - G.Creek/M.Corner Hwy.52-Cooper Riv
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