Business Overview

Please read…the building is master leased by a management company, monthly rent is $6,500. Two year current lease with 2 more 2 year options. Management fee is built into rent, only owner expenses are mortgage, taxes, insurance and cap X(roof, boiler/furnace, etc..). Cap rate is unmatched in this market. Management flips units and owner is not responsible for vacancies. Perfect for the investor that wants to be a more passive owner. 2 car tuckunder garage.

Financial

Seller Financing Available

  • Asking Price: $899,900
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1962

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:5,280
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A