Passive income investment property with low rents and future incomepotential. Currently 100% occupied, and vacancies last only a few days. tenunits are up and down townhomes in three seperate buildings on 1.5 acres,2 bedroom, 1 bath homes. Cap rate with no management company currentlylisted at 8.34% for 2021 numbers, and a projected net operating income of$35,465. Rents can be raised approximately $100-$200 per unit.9 out of 10 units have been renovated since 2017, and capital expenditureshave been paid for electrical power panel, plumbing drainage lines, andbase board heaters replaced in 2017.Most leases are now month to month.Tenant pays electrical (other than basement meter), and Landlord payswater and trash. Units do not have washer dryer hook up; A/C provided bytenants via window units.
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