Diamond in the rough!!! Almost a 24% CAP Rate on this building (based off rental history of $325 per unit).Only one unit is currently rented because owner is simply retiring and is not renting the units out. The one tenant is a great tenant and watches over the place. Seller says bring offers and he will consider them. The units do need some work but are rentable. Seller is selling the property in "As Is" condition. Heat and Air are window heat pump units. All appliances remain with the property, some being newer stoves and refrigerators. List Agent to be present during all showings and with some notice.
Great investment opportunity & excellent rental history on these 3 apartments. Unit #1 has recently been renovated & has 2 bedrooms, 1 full bath with new laminate floors in the living room & hall. It has new vinyl flooring in the kitchen & bath, & new carpet in bedrooms. There is a washer & dryer hookup, attic storage, covered front porch & attached carport. Unit #2 is a studio apartment with living room/bedroom combo, kitchen & 1 full bath. Unit #3 has 1 bedroom, 1 bath with extra room for an office or 2nd bedroom. The kitchens all have stove & fridge. Units 2 & 3 have had the same tenants for several years. New roof & new water heater in 2011 & some new replacement windows in 2014. This property is centrally located, less than 2 blocks from Jefferson Elementary school & within walking distance to DB High School. More info is uploaded under attachments. SF taken from CRS. Buyer or buyer's agent to verify info. All 3 units are currently rented.