This property is the perfect investment for those seeking cashflow. The building has 4 one bedroom units that rent for $750 per month (that's gross income of $36,000 per year). The tenants pay EVERYTHING including the water. Take out property taxes and a few maintenance expenses, and this property has a net income of $30,689 for a cap rate of 8.6% at the list price of $357,375. For a full virtual photo tour, click here: http://slideshow.mris.com/slideshow.cfm?ListingKey=90180981105 Video tours are available below.
