Seven 3 BR, 2 BA units in a well maintained complex by Buckley Air Force Base with a strong rental history. 7.4% real current cap rate!! 8.4% pro forma cap rate!!! 6 out of 7 units have tenants in place, making this cash flow on day one. This is a package of individual units in the same complex, not a purchase of the entire building - making upkeep a breeze. Scattered property loan available, which will not count against your conventional mortgage limit. Cap rate includes ALL expenses - vacancy, maintenance, management fees, HOA fees, insurance, and taxes. The cap rate at current rents goes up to 8.2% if you self manage! A crazy 9.2% pro forma cap rate if you self manage!
1,177 Sq Ft
Investment
$3,073 Monthly Maintenance/CC
$10,523 Annual Tax
Built in 1982
MLS/Listing ID 4845226
Robinwood
Composition
Association - Parking
Association - Garden Area
Pool - Outdoor
Covered
Patio
In Unit Laundry
Eat-in Kitchen
Dryer
Gas Water Heater
Oven
Range
Refrigerator
Washer
Open Floor Plan
Pantry
Heating - Forced Air
Carpet
Tile
Vinyl
Living Room Fireplace
Cooling - Central Air
Construction - Brick
Construction - Vinyl Siding
Association - Playground
Association - Pool
Dishwasher
Disposal
Pets Allowed
Listing Courtesy of KELLER WILLIAMS REALTY DOWNTOWN LLC, MATTHEW COLLINS - 720-266-8040
Source of Data: RECOLORADO