Description
Excellent investment opportunity! Well-maintained five-unit apartment building featuring five spacious 2-bedroom, 1-bath units. All units are currently occupied with annual leases in place, providing stable rental income with approximately 11 months remaining on each lease.Current monthly rental income totals $6,932, offering strong cash flow potential. The property has been well cared for, with nicely updated interiors throughout all units. Average monthly utility expenses include approximately $190 for water and $195 for trash.Conveniently located less than one mile from Highway 180 with easy access to shopping, restaurants, schools, and other amenities. This income-producing property is attractively priced and offers an excellent opportunity for investors seeking immediate cash flow and long-term appreciation.At the asking price of $700,000, the property offers an estimated 9.2% cap rate based on current income and operating expenses. Don't miss this opportunity to add a solid performing asset to your investment portfolio
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10BEDS
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0.17ACRES
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5BATHS
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01/2 BATHS
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4,260SQFT
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$164$/SQFT
School Information
Description
Excellent investment opportunity! Well-maintained five-unit apartment building featuring five spacious 2-bedroom, 1-bath units. All units are currently occupied with annual leases in place, providing stable rental income with approximately 11 months remaining on each lease.Current monthly rental income totals $6,932, offering strong cash flow potential. The property has been well cared for, with nicely updated interiors throughout all units. Average monthly utility expenses include approximately $190 for water and $195 for trash.Conveniently located less than one mile from Highway 180 with easy access to shopping, restaurants, schools, and other amenities. This income-producing property is attractively priced and offers an excellent opportunity for investors seeking immediate cash flow and long-term appreciation.At the asking price of $700,000, the property offers an estimated 9.2% cap rate based on current income and operating expenses. Don't miss this opportunity to add a solid performing asset to your investment portfolio
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