Description
3-Family Investment Property. Gross income $35,400. 2nd floor has 3 bedrooms and is under market rent, has the potential of 1200-1300 per month. if and WHEN the cap rate on this would be at 10.37%. as it stands now it's 8.54% +/-. and cash on cash return of 14.84% +/- at a 25% down payment. all numbers should be independently verified. We are honestly are doing the best we can with estimating water/sewer/insurance. we have a spreadsheet attached with income/expense and will have actual receipts on request for interested buyers. this property has a driveway for off-street parking. Natural Gas and public utilities. the 1st floor is a very large 2 bedroom updated unit at 1200 per month. the second floor is a 3 bedroom unit with a long term tenant at 825 and the 3rd-floor unit is 2 bed at 925 per month. tenant on the first floor has a lease until 5/1 all others are month to month.
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