100% occupied income-producing 8-unit multifamily for a serious, qualified buyer.
Property consists of 8 units, each 2 bed / 1 bath, with long-term tenants in place. Priced at a 1.14% rent-to-price ratio based on existing rents, not projections. Relatively newer roofs, new HVAC, and updated interiors.
Current upside includes potential rent increases, pet fees, onsite laundry income, and implementing RUBS for water since units are not separately metered.
Monthly expenses: $400 water, $490 trash, $200 landscaping, $100 pest control, $1,148 insurance. No HOA, no deed restrictions, and no short-term rental restrictions.
Showings only with proof of funds and an acceptable offer. Please do not disturb tenants. Photos are representative of overall unit condition. See MLS attachments and OM for details.
Lowball offers, creative deal or creative offer, and “Subject To” offers will not receive a response. Serious buyers only.