Sold for $685,000 on Apr 30, 2019
6.2% CAP rate on ACTUAL INCOME & EXPENSES. Extra clean contemporary building with good upside on easy-to-rent units and low expenses. The property consists of 4 separately condo-mapped Town Home units within a 2-story rental building. Constructed in 2002, the building offers 3-bed / 2-bath floor plans of approximately 1060 SF added to over-sized 2-car enclosed garages of another 400 SF. The property was built using upgraded construction components with 2X6 studs, insulated garages, and 12 seer AC units. Amenities include vaulted ceilings, ceiling fans in every room, dual pane windows, full-size washers & dryers, and CAT5 cabling for all media. Operating expenses at the property are very low since TENANTS PAY 100% of their water, sewer, trash, and electric.
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