Prime Douglas Park 12 Unit Building, with 4 Bonus units, 16 Units Total. Absolute True and Fully Gutted Rehabbed down to the Studs. Listed at an 9.1-CAP. 100% Rented with over $19,300/month Gross Income. Professional Management can be included with the purchase for out of state buyers or investors looking for a completely turnkey asset! Building consists of all 2 Bed/ 1 Bath Units, with Hardwood Floors, Quartz Countertops, Stainless Steel Appliances, In-Unit Washer/Dryer, Central A/C, Individual Furnaces & Water Heaters and Private Decks in the Rear. Brand New Roof, Electrical Service, Plumbing, Mechanicals, Appliances, Kitchens, Bathrooms & Flooring. Great income property on beautiful quiet street in hot neighborhood! Speaks to Numerous Investment Objectives, with Broad Appeal for the small to the Seasoned Investor, 1031 Exchange, and those looking for an inflation hedge or a great long term hold for generational wealth creation.
Listing courtesy of Main Street Real Estate Group.
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