Description
Excellent Investment Opportunity! Turnkey 24 Unit Apartment Complex. 23 two bedroom units and 1 single bedroom unit or managers office. 22 units have been renovated. 20 units have seller owned SS Refrigerators and Ranges. 8 units have granite counters in the kitchens. 10 units have replaced ac wall units. Units have been renovated within the last 2 years. At the list price, the per unit cost is only $58,985. This property is primed for strong returns with a proforma rental income of $17,425 per month Expenses average per month $2600.00. Giving this investment an 11.8% CAP rate! Do not miss out on this tremendous opportunity to expand your portfolio.
-
0BEDS
-
1ACRES
-
0BATHS
-
01/2 BATHS
Description
Excellent Investment Opportunity! Turnkey 24 Unit Apartment Complex. 23 two bedroom units and 1 single bedroom unit or managers office. 22 units have been renovated. 20 units have seller owned SS Refrigerators and Ranges. 8 units have granite counters in the kitchens. 10 units have replaced ac wall units. Units have been renovated within the last 2 years. At the list price, the per unit cost is only $58,985. This property is primed for strong returns with a proforma rental income of $17,425 per month Expenses average per month $2600.00. Giving this investment an 11.8% CAP rate! Do not miss out on this tremendous opportunity to expand your portfolio.