For Sale
For Sale
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Year Built
1930
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Overview
Amazing opportunity to own this eight unit all brick building. There are six one bed room apartments and two studio apartments. There is a laundry room facility that has a coin operated washer and dryer. Features a skylight in the foyer area all vinyl windows throughout and a black rubber roof. This property is currently rented by a local not for profit which pays the rent for six of the eight units guaranteed even if there is a tenant occupying a unit or not. This rental structure has been in place for over the last eleven years and there is no indication of any changes. This is perfect for the investor that wants to own a larger property and not have to deal with all of the tenant turnover and screening only thing that would need to be done is the maintenance. There are not may opportunities that buildings like this are for sale.
Property Details
Amazing opportunity to own this eight unit all brick building. There are six one bed room apartments and two studio apartments. There is a laundry room facility that has a coin operated washer and dryer. Features a skylight in the foyer area all vinyl windows throughout and a black rubber roof. This property is currently rented by a local not for profit which pays the rent for six of the eight units guaranteed even if there is a tenant occupying a unit or not. This rental structure has been in place for over the last eleven years and there is no indication of any changes. This is perfect for the investor that wants to own a larger property and not have to deal with all of the tenant turnover and screening only thing that would need to be done is the maintenance. There are not may opportunities that buildings like this are for sale.
- Property TypeOffice
- Submarket
- Year Built1930
- Sale Price$299,900
- Total Acres0.09
- Cap Rate11.0%
- Number of Floors0
- Property ID1924923
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