Investors take notice of this 16 residential unit and 3 commercial building located next to St. Mary's High School. Fully occupied with market and subsidized (predominantly VA) tenants. All tenants have been hand picked and thoroughly screened by the Seller. Great income with the majority being guaranteed Building includes a brand new high efficiency boiler with sensors in every unit that allow the owner to manage the output. All new vinyl windows and many updated sub panels. New interior lighting that can either be set on a timer or with motion detection. Property is listed at an 8.75% Cap Rate with 14.25% Cash on Cash with upside to increase rents. Showing on Thursday, March 21st. Call listing agent to schedule a time or with any questions you may have. Offer Memorandum and rent roll provided upon request. US Bank has provided the following terms (based on qualified credit): - 3 year term @ 4.9% APR - 5 year term @ 5.1% APR
Listing courtesy of Apartment Advisors of America LLC.
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified