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618-277-4400

Fully Leased Multi-Family Investment Opportunity

$360,000

Listing Resources

Listing Description

Excellent Investment Opportunity! Sale includes 4 Duplex’s (102/104, 111/113, 112/116 & 131/133 Howard Drive). Fully Leased, 2 Bedroom/1 Bath Units. Tenant pays all utilities, trash and lawn care.
*Seller has 2 additional Multi-Family Properties Available for Sale

Sale Price: $360,000
11.93% CAP Rate

Listing Details

Settings
Listing No : 2092
Sale Or Lease : For Sale
Property Type(s) : Investment, Multi-Family
Sale Price : $360,000
CAP Rate : 11.93%
GRM : 6.10
NOI : $42,981
Heating : Yes
Cooling : Yes
Parcel No : 07-15.0-404-013;18, 07-15.0-405-024;026
Zoning : SR3
Zoning By : St. Clair County
Parking Surface Type : Concrete/Asphalt and Rock
Property Tax : $10,185.48
Tax Year : 2017
Year Built : 1968
Roof : Shingle
Exterior : Brick and Vinyl
Total Units : 8
Gross Rental Income : $58,980
Insurance : $2,864.88
Property Management : $2,949

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