Photo 1 of 1
$180,000
Sold on 7/02/15
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
3,440 |
$1,654 |
1985 |
|
On the market:
70 days
|
View full details, photos, school info, and price history
Current cap rate of 14.06%!! Cash on cash return of $25,300 per year!! 100% occupied turn-key investment with ability to value add property by converting all of the units into 3 bedroom units by adding closet and door in front den of each unit. Conversion would increase cash on cash return to $34,420 and would increase cap rate to 19.13%!! Each unit is sizeable at 850sf with a back porch / balcony for residents. Easy to rent units in strong USF area rental market.

Serious Inquires only. Do not disturb tenants. Will only show interior units after contract has been executed as owner does not wish to disturb the tenants. 

Buyer to Verify all information.
Listing courtesy of Scott Phillips, HIGHMARK REAL ESTATE