Freshly painted, Contemporary style 2 story apartment complex built in 1978, has 8 units in total, (1) 2/1 and (7) 1/1’s all with private entrances and patio, balconies, central ac. Complex has 12 parking spaces guest and assigned. Total square footage under air is 4,912 total lot square ft. 14,300, 5 out of the 8 units are month to month. Present rents are below market value w/renovations the potential gross income $175,000 + and 6% + cap rate. Expenses are minimal with low landscape maintenance, laundry facility on premise which generates income.. Excellent location mins to beaches, restaurants, shoppes, groceries and expressway. No seller financing available.
Listing Updated: 2024-03-29 01:21:05
