1 of 8 multi-family units in this subdivision. We have management/ownership of 6 of the 8 units. Current rents are under market as the long term tenants have never had rent increases. We have successfully taken up all of the units we own & manage to $725 upon vacancy. Cash flow takes a hit while current renters are in place, but the 0% current vacancy rate offsets current under market rent. Pro Forma #'s are based on future rent of $725. Actual rents below. Unit 26: HVAC is 2013. Hot Water Tank 2011. Initial lease started 9-15 and Current lease is through 9-16. Current rent of $685 Unit 27: HVAC will be New. Hot Water Tank 2013. Initial lease started 5-14 and Current lease is through 11-16. Current rent of $675 has never been raised. Unit 28: HVAC will be New. Hot Water Tank will be New. Initial lease started 6-15. Current lease is through 6-16. Current Rent of $685
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.
