Very turnkey opportunity with annual rent of $76,380 with a CAP rate of 10.9%. This is a twelve unit apartment building in the shape of a boomerang. All units are 1bedroom/1 bathroom. One of the twelve units is a studio apartment. There are five units on one side, a center breezeway, and seven units on the other side. This complex is located on an attractive lot with mature trees. This is a very close-knit community with several tenants that have been here from 3-10 years. Please do not walk the property or disturb the tenants. The units feature a bedroom, bathroom off a short hallway in the center, kitchen with a small dining area, and a nice-sized living room. Tenants pay for gas and electric. Each unit has a separate furnace and water heater.There is a coin operated laundry with a second laundry being added. There are also additional storage/locker areas for each unit. Comprehensive property management service is available for an additional fee.
Listing courtesy of Keller Williams Realty Chesterfield.
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