Description
Fully renovated 13-plex apartment and 8 unit shotgun home properties located on the same street - across from one another. All units have been remodeled - new roof, new flooring, new kitchen, new everything. Fully leased out on 12-month leases. This rare find is a unique opportunity for a low-priced high unit count investment with rent increases already possible. Units rented at $100 higher per month at end of lease out than from the beginning. Builder warranty included. Inspection and internal review after accepted offer. Please do not disturb the tenants. Annual gross rents are $177,000 for all 21 units. Net income annually is $139,130.
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0BEDS
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0.27ACRES
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0BATHS
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01/2 BATHS
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11,526SQFT
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$169$/SQFT
School Ratings & Info
Description
Fully renovated 13-plex apartment and 8 unit shotgun home properties located on the same street - across from one another. All units have been remodeled - new roof, new flooring, new kitchen, new everything. Fully leased out on 12-month leases. This rare find is a unique opportunity for a low-priced high unit count investment with rent increases already possible. Units rented at $100 higher per month at end of lease out than from the beginning. Builder warranty included. Inspection and internal review after accepted offer. Please do not disturb the tenants. Annual gross rents are $177,000 for all 21 units. Net income annually is $139,130.
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Data last updated: 2022-05-15T23:32:20.627.