Courtesy of: Alliant Real Estate And Financial Services Inc.
Days On Market: 43
Year Build: 1992
Address: 833 Spencer
Neighborhood: 699 - Not Defined
awsome cashflow opportunity. all 2 and 3 beds, the ones with 2 bds have extra rooms to be used as a 3rd room. all separate utilities. Seller can have zero utility expense. over 5.3% cap rate at below market rents. It can easily go to around 8%, minimal expenses, seperate water meters that tenants pay. Even trash can be paid by tenants (currently paid by seller). Amazing growth opportunity. a bonus converted garage that is not rented seperately and can add to income, plus an empty 1500 sq ft lot with more opportunities. Newer remodeled 4 units, plus the converted garage. 2 units high ceiling, 3 units with central AC, newer roofs and lot of newer finishes. All tile flooring. Separate utilities are $600-$700 a month savings compared to most larger 4plexes like this. No HOA payments to drain your cashflow. All have laundry inside. Do not disturb tenants. Seller is offering extremely attractive financing for this listing. Contact listing agent for details.