Cash flow is the name of the game! The rents on this property are grossly under market rate. All units are separate metered for electricity and gas. 3 separate buildings. Front duplex roof age is 3 years old. Middle Cottage is unknown. Back building roof is 9 months old. This property currently performs at a 8.40% cap rate if purchased at $175,000 with rents staying unchanged, leaving out no expenses at all with a 10.90% Cash-On-Cash return.
When rents are at market rate, property will perform at 10.72% cap rate and 19.15% Cash-On-Cash return. Contact listing agent for financials and lease contracts. Property is 100% occupied. All tenants are on month-month leases. Turn key property.
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