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Hey Investor's, here's another 10% cap rate. Tenants pay all utilities. The big $$ has been spent on updates. Licensed Duplex consistently rented on one lease to collage students. No vacancy. Triple garage plus a shop, three season back porch and lots of space. Washer and dryer in basement. Range/oven, refrigerator, dishwasher and freezer in kitchen. Seller is offering a 10% carry back.
Great investment opportunity! 8 Townhouses sold together as one package. Rents average $900-$910 per month with tenants paying heat, electric, water, sewer and garbage. Association fee is $50.00 per month, per unit. This fee includes exterior insurance, lawncare and snow removal. Each unit has an attached garage, patio area in the back and an unfinished basement. All 2-bedroom units have walk-in closets. Properties take in $86,400 per year in rent. Can be divided to 2 four-plex @ $377,500 each