Attention investors! 6 unit multifamily property with 100% occupancy on annual leases consisting of 2 bedrooms with 1 bathroom each. This income producing property has an estimated gross annualized rent (GAR) of $130,500 yielding an approximate 8.33% CAP rate. Each unit has their separate water & electricity meter and the building was re-roofed in late 2021.
- Age: Over 50 Years Old
- Amenities: Dock
- Architecture Style: Other
- Building Units: 6
- Cooling System: Window Unit(s) A/C
- Exterior Type: Block
- Floor Covering: Vinyl
- Floor Covering: Laminate
- Legal Description: 22 52 41 MAGNOLIA SUB PB 40-80 LOTS 13 & 14 BLK 11 LOT SIZE 50.000 X 96 OR 20583-2563 0802 1 COC 22842-2788 11 2004 1
- MLSID: A11533518
- Parking Spaces: 6