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Description
THIS FANTASTIC OPPORTUNITY WILL NOT LAST, FOLKS!! A TRUE 14 CAP RATE WITH POTENTIAL PROJECTED 19.7 WITH RENTAL INCREASE THIS YEAR!!! THIS SUPER GARDEN/LOW RISE APARTMENT COMPLEX HAS 35 RANCH STYLE UNITS WITH PRIVATE ENTRY. TENANTS PAY ALL UTILITIES EXC WATER. 33 UNITS HAVE SEPARATE BD/550 SQ FT AND 2 LARGE EFFICIENCIES.FURTHER, THERE ARE 2 UTILITY BLDGS AND SEPARATE METERS/2 STORAGE FACILITIES IN EACH OF THE BLDGS AND A SEPARATE SPACIOUS LEASING OFFICE WITH BATH.2 BLDGS/CONDO STYLE W/ POTENTIAL IMMEDIATE INCOME WITH A CONDO CONVERSION AS WELL! BURTON CITY BORDER PROPERTY HERE! BEAUTIFUL AND DESIRABLE!! OCCUPANCY AT 95% CURRENTY AND AVG 100% WITH MANY LONG TERM TENANTS!FUSSY LANDLORD HAS A VERY LONG WAITING LIST! SELLER FORCED AND MUST TRANSFER TO MA, OTHERWISE WOULD NEVER CONSIDER THE SALE OF HIS MONEY MAKING COMPLEX SO HURRY WE LOOK FORWARD AND STAND READY!!!
PLEASE BE DISCREET-TENANTS ARE NOT AWARE OF SALE!AGENT WILL INCLUDE SOME SUMMER PICS SO YOU CAN SEE ROOF -NEWER PARKING-ETC
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IDX provided courtesy of Realcomp II Ltd. via site owner and the originating MLS listed above, ©2020 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Updated: 3rd March, 2021 7:53 AM
