Low-maintenance, turn-key 16-unit apartment building under one roof. Built in 1996. Underground heated garage parking. Newer double boiler efficient gas heating system. Has 16 individual tax keys because they are classified as condos, but no association is in place. This runs just like a 16-unit apartment complex. Professional management in place with a 5% vacancy rate. Just keep it rented and enjoy lucrative positive cash flow! Priced at a 7.30% cap rate, 6.95 GIM, and a 20% ROI!!
Features Multi Family
|Total Number of Units: 16||Year Built: 1996|
|Total Lot Square Feet: 0||Unit 1 Parking: 1 Car Garage|
|Taxes: $12,838||School District: Cambria-Friesland|
|Body of Water:|