Multifamily Investment ; 8.1% Cap Rate ; 9.26 GRM. 1915 Jerry Murphy is a fourplex apartment conveniently located off of Jerry Murphy Road less than 1 mile from Highway 50. The property is composed of (4) townhouse style apartments each boasting two bedrooms and one and a half bathrooms. Each unit has a main level and an upper level. The property is xeriscaped and requires little to no yard maintenance. There are 6 off street parking spots available for the tenants. There are individual meters for gas and electric. One meter for water. 1915 Jerry Murphy is a turnkey investment. You will make money from day one of ownership. There is professional management in place. (3) units are currently at $925 per month while (1) unit is lower at $825 per month. Tenants pay their own electricity and gas. Owner covers taxes, insurance, management, maintenance and repairs, water and sewer, trash. All showings are contingent upon an accepted offer.
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.
