Great opportunity to pick up this updated 12 plex at a current 6 cap on its way to 6.5 cap. The first building is a 4plex with large, 1000 sqft units with 2 bedrooms upstairs and kitchen living room downstairs. This building has 2 units updated with new flooring, paint, lighting etc and the other 2 in good condition with long term tenants. The second building is an 8plex that has been completely renovated. These are 1 bedroom units with 160k+ into new windows, doors, countertops, AC, roof, paint, carpet, railing, deck, siding, etc. See attached proforma for current and future cap rate info. Square footage figures are provided as a courtesy estimate only.
Listing courtesy of Equity Real Estate - Advantage.