Great central B/N location, easy to rent high demand studio apartments in multi family, residential, commercial area. Allways rented history. Each bldg has 1 basement unit for mechanical and laundry hook-ups. Great investment with 8% cap rate. Seller will give new roof allowance at closing
Great duplex close to ISU with attached garage, off street parking, on a cul-de-sac & in a quite neighborhood. Has large lot with mature trees & nicely landscaped. Unit A has been updated with 3 bedrooms and 2 full baths. Unit B has 3 Bedrooms 1 Full Bath. Tenants pay gas, heat and water.
Well Maintained Building, always rented, established area. other expenses are for lawn & snow $1200 and reserve for replacements @ $1224 not on mls . owner pays gas for boiler hot water heat ,hot water htr. and range, plus elec for hall and outside lights. units have wall-thru A/C , refrig dishwasher rents should be a minimum of $555 t, ranges could be changed out to elec, water could be separated and heat could be elec baseboard or a wall-thru HVAC. price is under assessed value, and currently at 6,4% cap rate
Well Maintained Building, always rented, in established area. owner pays gas for boiler - hot water radiant heat and hot water and range, plus hall and outside lights. tenants pay all electric, wall-thru A/C has refrig ,dish washer. note min. rents should be $555. t ranges could be elec and water could be separated also. sales price under assessed valuation, price reflects a 6.9 % cap rate 1 in a group of 4 all the same
Very well maintained building always rented, in established area. Owner pays gas for boiler hot water radiant heat and hot water heater and ranges plus water, and hall way and park lot lights. Tenant pays elec. wall-thru A/C. Rents need to be higher due to Owner's utility expenses, minimum suggested $555.Current financials at 7.5% cap rate Other expenses include reserve for replacement @$1320/yr and $1200 for lawn and snow/ yr. This is one of 4 buildings ,same style ,and set up in culdesac . Great opportunity.