BEST MULTIFAMILY DEAL consist of 5 units of 1bed/1bath and 6 Units of 2beds/1bath. Priced at 1% rental rule on existing rents (not projected!) See attached Offering Memorandum (OM). Great income-producing 11-unit multifamily Deal. New Roof, New HVAC, updated interior. Upside includes: Pet fees, rent increase, laundromat onsite, and implementing RUBS on water since there is no separate water meter. Unit #5 is vacant and available for showings with Proof of Funds. Unit 5 is representative of the overall condition of other units. All tenants are on annual leases, with the average tenant in place for several years and intending to remain with new ownership.
Details on the MLS attachment. Monthly operating expenses for all eleven units include Approx. monthly expenses: $780 water, $490 trash, $200 landscaping, $100 pest control, $1,148 insurance. No HOA, no short-term rental restriction, and no deed restriction. Low-ball offers will not receive a response. No creative deal or “Subject To”.