Turn key - great cash flow! Very Well maintained 6 unit apartment in North Hill neighborhood. 100% occupied, separate utilities. Gross rents $35,280. Expenses $12,276 (tax/ water/sewer/trash/ ins.) Net operating income $23,000 CAP RATE 12% and could easily increase with rents raised on 3 long term tenants with below market rents who are on a month-month. This is an excellent investment opportunity. Low maintenance property with 6 identical one bedroom loft units. Onsite parking. Near downtown, university and hospitals. Perfect for grad students and residents.
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