Description
Beautiful 6-unit bungalow property on a great street. Three side-by-side duplexes. Four of the units are 1BR + den, the other 2 are 1BR. All units have some outdoor space. Low expense property where tenants pay gas, electric and trash. Individual water heaters. Great in-place cash flow with lots of upside as well. Going-in cap rate of 4.50% allows for good leverage on the purchase. Market cap rate of 7.66%. The Units of 1952 and 1954 has Gated front yards. 3912 Unit has a gated side and small backyard. The other units share a common side yard area. Most tenants use the Den as a second bedroom. Tenants do not know the building is for sale, Please do not contact any tenants - Tenant interview is only upon accepted offer.
Location
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