Excellently maintained, TURN-KEY 8-unit investment opportunity! FULLY OCCUPIED BUILDING ON ALL 12-MONTH LEASES! 30% Cash-on-Cash Return! 11% Cap Rate! Cash Flow $1,875/Month! YES THESE NUMBERS ARE REAL! Building consists of four 1-bedroom units and four 2-bedroom units. Shown in the photos is a newly rehabbed 2-bedroom unit (now occupied) and a 1-bedroom unit (this tenant has been here for 30 YEARS!). OTHER RECENT UPDATES TO NOTE: NEW boiler 2-years old, NEW commercial-grade water heater 6-months old, Roof 5-years old, two exterior porches/stairwells redone and tuck-pointing continually completed over the past 5-years to keep up with city requirements. This property is in great shape, the cash-on-cash return is unheard of, and the owner is ready to pass it on after owning and managing it himself for more than two decades. Don't miss out on this CASH COW with GREAT tenants! Rare, excellent investment opportunity.
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Listing information last updated on April 4th, 2020 at 9:50pm CDT.