Great rental opportunity on the Arroyo. 2 buildings on side the larger complex has 10 units (1/1) which all pay $325.00/month plus water. Includes electricity with the exception if the tenant wishes to have a window unit then, they pay an additional $75.00 a month. The apartment complex has 1 meter that services both buildings in the apartment complex. Individual water meters were installed for each apartment to track water consumption as of 2020 and tenants are now paying for additional water consumption. The smaller building consists of 4 units they pay water and electric. They have their own electric meters. These 4 units are 2/1. 12.5% cap rate.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
