Description
Incredible opportunity to own 15 units with potential to value add a 16th unit in one of the buildings close to downtown and the Capital for just under 1M! Nine units are 2B/1BA and the remaining six are 1BD/1BA. Priced at a 8.77% cap with potential to increase rents to fair market value and reach a 10.51% cap and 18.76% cash on cash return. Walking distance to bus stop, street parking is never an issue, and the property includes ample parking in the back. All ROPs up to date.
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29BEDS
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0.2ACRES
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0BATHS
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01/2 BATHS
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11,750SQFT
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$85$/SQFT
Description
Incredible opportunity to own 15 units with potential to value add a 16th unit in one of the buildings close to downtown and the Capital for just under 1M! Nine units are 2B/1BA and the remaining six are 1BD/1BA. Priced at a 8.77% cap with potential to increase rents to fair market value and reach a 10.51% cap and 18.76% cash on cash return. Walking distance to bus stop, street parking is never an issue, and the property includes ample parking in the back. All ROPs up to date.
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