Description
Seven buildings with 56 residential units. (28)1-bedroom units and (28)2-bedroom units. Five of seven roofs replaced in recent years. All new electrical service in each apartment with each unit separately metered. Two retaining walls installed. Onsite laundry present. 43% of tenants in place more than four years. Rents have not been adjusted to market rates by current ownership. Significant upside in potential gross rents at 2023 HUD FMR plus ability to decrease operating costs can yield 9.08% proforma capitalization rate. Assumable Freddie Mac financing at 4.7%.
Location
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Courtesy of: Keller Williams Grt Cleve NE The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS NOW. Real estate listings held by brokerage firms other than Laronge Wagner Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Placester, Inc. does not display the entire MLS NOW IDX database on this website. The listings of some real estate brokerage firms have been excluded. Information is deemed reliable but not guaranteed. Updated: 8th February, 2023 1:27 AM (UTC)
