Description
Tenants are month to month. Their rent is low. The comps say they could be significantly higher. There is a 3 bedroom unit and a 5 or 6 bedroom unit (if 5, then use the 6th area as a family room - it is large!). With possible rents hovering around 1800 for 3 bedroom unit and 2050 for larger unit your cap rate is between 6 and 7% at the above suggested rates. Some changes to the furnishings would bring them higher. If you are thinking of living here, both apartments present large living spaces. Terrific as an investment or a place to call your own.
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8BEDS
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N/AACRES
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2BATHS
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11/2 BATHS
School Ratings & Info
Description
Tenants are month to month. Their rent is low. The comps say they could be significantly higher. There is a 3 bedroom unit and a 5 or 6 bedroom unit (if 5, then use the 6th area as a family room - it is large!). With possible rents hovering around 1800 for 3 bedroom unit and 2050 for larger unit your cap rate is between 6 and 7% at the above suggested rates. Some changes to the furnishings would bring them higher. If you are thinking of living here, both apartments present large living spaces. Terrific as an investment or a place to call your own.
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