About This Property

Amazing 7 Unit Multifamily Jewel Available! New Roof and New Impact Windows, 100% occupied with long term tenants since the owner purchased the building and updated. The unit mix consists of 3 - 2/1's , 3 - 1/1's and 1 large studio. Easy rent collection and Seller also easily self-manages the property. The Current Gross Income is $123,600. There is room to increase the rents and the Projected Gross Income will be $147,000. Annual Expenses are $29,463 which include Property Taxes:$19543, Water/Sewer:$3600, Insurance $5000, Lawn $720, Exterior Electric $600. Apartment electricity is metered separately and paid by Tenants. Current 6.5% cap, ProForma 8% cap. Seller has done all the hard work for the new Buyer! Collect Income right away with no work needed. Cash Cow!!

Key Features

• 14,096 sq ft Lot
• Built in 1973

Property Details

• Type: Single Family Home
• Year Built: 1973
• Lot Size: 14,096 sq ft
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 14,096 sq ft Lot
• Feature: Built in 1973
• Status: Active
• MLS Number: 1146388860
• Days on Market: 319
• Listed By: RPM LUXE REALTY · Rodger P Morelli
• Zip Code: 33060