6 Units High Cash Flow Opportunity with 7.5 % Cap Rate. Fully stabilized multifamily asset with separate onsite commercial laundry facility. The property consists of Three structures , 2 building with 4 units 2 bed 1 bath and a 2 unit building in the rear with 4 beds 2 bath total 6 units. Plus a very profitable onsite commercial laundry facility. Laundry has separate business license servicing the building & neighboring buildings with 10 commercial washer and 10 commercial gas dryer producing f $5000-5400/month. netting $4000/4300 All machines are owned and conveyed with the sale. Property has new drain system, driveway, impact windows all units redone completely ,fencing electric parking gate and 6 parking spaces. 2 bed 1 bath rented $1300/1350 . 4 bed 2 bath rented $1950/1990
Security Features: Smoke Detector(s), Security Fence, Security System
Sales Price: $1,315,000
Real Estate Tax: $10,008
1442 SW 3rd St
Work With Us
Client testimonies and numerous sale achievements have acknowledged the group’s efficiency, highly effective negotiation skills & ability to creatively structure deals through challenging circumstances.