Description
Huge multifamily featuring five three bedroom units and additional acreage. Former nursing home converted into cash-flowing apartment with gross income of $59,400, four leases that expire in the spring and one month-to-month tenant. 8% cap rate with actuals. Great up side with market rental comps of $1250-$1400. LOW OWNER EXPENSES. Tenants pay water and heat, owner pays trash and common space electric. Walkable distance to The Village of Morrow!
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
Description
Huge multifamily featuring five three bedroom units and additional acreage. Former nursing home converted into cash-flowing apartment with gross income of $59,400, four leases that expire in the spring and one month-to-month tenant. 8% cap rate with actuals. Great up side with market rental comps of $1250-$1400. LOW OWNER EXPENSES. Tenants pay water and heat, owner pays trash and common space electric. Walkable distance to The Village of Morrow!
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Data last updated 2023-01-27T22:13:42.417.