* $162,720 gross annual income * Seller financing available * Property comes with a three year tenant placement guarantee, in the event of vacancy seller will place new tenant at existing rental rate and secure it with concessions set aside at close of escrow * Attention to detail and pride of ownership are the best words to describe these apartments.* This Property operates smooth with an active onsite manager that maintains the property and tenants in strict order. Improvements/upgrades made to theses apartments include a brand-new roof, updated electrical, copper plumbing, new windows, interior fixtures, doors, walls, paint, new kitchen & bath, complete building abs drainage and sewer replacement all the way to the public main and much much more and come with a 24- month builders’ warranty! These units are currently 100% occupied with vetted subsidized tenants leasing at $1,695 each. Ownership comes with an established relationship with agencies providing quality subsidized housing, and a waiting list of future prospective tenants for this property or others. This building is composed of eight (8) total 1 bedroom 1 bath units each is approximately 550 sq. ft.
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Data last updated: Jul 14, 2020 2:40pm
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