2018’s NOI: ≈$11,000; CAP: ≈14.1%
This is a solid place – priced perfectly for you.
- Central heat
- Identical sides – each 2BR/1BA
- Separate tenant front entrance steps w/overhang
- Tenants pay all utilities, inc. H2O
- Parking everywhere including a long driveway
- Nice scene atop a hill
- Fully rented
- New roof
- Sturdy brick
- Nearly ½ acre – huge space
- Taken care-of by owner & tenants
- Nothing broken – good parts
- RTG
- Buslines everywhere
- Somewhat walkable; 0.5 miles from all amenities/plazas
- Receives $1,250/month total
- Taxes: $2,539
- Electric: Updated
- Plumbing: Updated
- Kitchen: (2) Moderately updated
- Bath: (2) Decent
- Roof: New
- Furnace: (2) 15 yrs old
- Hot Water Tank: (2) 9 yrs old
- Windows: Double-paned
- (2) 2 BR / 1 BA
- Floors: 2
- Parking: Off-street – plenty
- Rental Income: $1,250/mo TOTAL