***Excellent Income Property*** 12 Residential Units, Converted From A Formal Motel, Situated On A 3 Acres Of Land. A Joined W/ A 2 Story, 3 Bedroom House ( As 1 Unit) Plus 7 One Bedroom, 4 Bachelor W/O Kitchen. On-Site Supervisor Lives In The House And Performs Daily Maintenance, *** Perfect For An Absentee Owner(S)*** Current Gross Rental $89,310 Per Year, Net $56,984 ( As Per Seller) Cap Rate 6.7% At Asking
Well Water Gets Tested Bi-Weekly By Contract Company, Clean Report Available *2 Gas Hwt (Rented), Baseboard Heating In All Individual Units
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200 x 0 ft
Net Income Before Debt
Seller Property Info Statement
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