Ford

5.07% CAP RATE! Two brand new (May 2024) 750 Sq. Ft. 2-bedroom/2-bath townhomes, all electric with solar, heatpump, all new everything! Plus Main Building with 5 units ( four 1-bedroom, 1- two-bedroom) that have all been remodeled over the past 5 years (new kitchens, new baths, new flooring, fresh paint, updated plumbing and electric). 3 units just had new flooring and bathrooms installed. On-site parking for all units.
This property currently generates $218,820 in Annual Gross Rents ($182,35/month) and a Net Operating Income of $145763 per year resulting in a 5.0% Cap Rate and a GRM of 13.1. Tenants would very much like to stay. Property Management firm is in place to make this an easy transition for you.