Low-maintenance, turn-key 16-unit apartment building under one roof. Built in 1992. No basement to maintain. Double boiler efficient gas heating system. Newer roof, newer boilers, newer water heaters. All 16 units have dishwashers, patio/balcony and a detached garage. Professional management in place with a 5% vacancy rate. No more large capital expenditures due. Tax assessment lowered in 2015. Just keep it rented and enjoy lucrative positive cash flow! Priced at a 7.56% cap rate, 7.06 GIM, and a 22% ROI!!
Features Multi Family
|Total Number of Units: 16||Year Built: 1992|
|Total Lot Square Feet: 0||Unit 1 Parking: 1 Car Garage|
|Taxes: $12,005||School District: Cambria-Friesland|
|Body of Water:|