Description
7 units = 17 bedrooms including a 5 bedroom house. 100% rented and quickly occupied following a vacancy. All units have been completely renovated in last 2 years. Room for rent increases to enhance the positive cash flow. 2- 1 bedroom apts, 2- 2bedroom apts, 2- 3 bedroom apts, and 1- 5 bedroom house. Property is owned by an LLC and pays common area lighting and water. Based on Cap Rate of 10%, property is worth $421,810. Seller is enjoying a nice monthly income and is not motivated to accept low-ball offers. However, all offers will be considered. Seller will consider a Seller Carryback mortgage or other creative financing options. Let's make a deal that works for both of us! Call Joseph Poltor at (843)737-0503 to discuss. For a 24-hr recorded info call (800)630-7338 xt 3001 |
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# of parking spaces: 10
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Net Operating Income: $15,450
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Gross Operating Income: $47,400
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Fair market value: $410,000
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Sale Status: Active
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Price: $390,000
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Capitalization Rate: 0.04%
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Occupancy Rate: 95%
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Operating Expenses: $26,730
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Number of units: 7
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Office email address: jpoltor@bsohome.com
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Phone number: 843-737-0503
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Fax: 843-737-5033
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