Description
FANTASTIC INVESTMENT PROPERTY OVER 9% CAP RATE, Financial details available in associated documents, rent roll in excel tab. 8 Apartments (2bd, 1bth) and four commercial spaces all leased. Landlord pays 30% of common area utilities, all others are billed back to tenants. Gross Income Scheduled $91,320 with expenses $27,338 provides an estimated scheduled Net Operating Income of $63,982. That puts this property slightly above a 9% cap rate and it's 100% occupied and stabilized. This truly is a value for a seasoned or beginner investor.
-
0BEDS
-
N/AACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
FANTASTIC INVESTMENT PROPERTY OVER 9% CAP RATE, Financial details available in associated documents, rent roll in excel tab. 8 Apartments (2bd, 1bth) and four commercial spaces all leased. Landlord pays 30% of common area utilities, all others are billed back to tenants. Gross Income Scheduled $91,320 with expenses $27,338 provides an estimated scheduled Net Operating Income of $63,982. That puts this property slightly above a 9% cap rate and it's 100% occupied and stabilized. This truly is a value for a seasoned or beginner investor.
© 2022 WIREX. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Dallaire Realty. Data last updated: 2022-12-06T19:17:53.487.