21 Door Rental package available! Cap rate of 7.94% at list price. There are 10 buildings for 20 doors and 1 back office area in alleyway renting for 200 a month. All units save 1 are in rentable condition. Bids to rehab is 5,600 to make ready the last door. Rents range from 675-725 a month with owner paying water. Tenants pay the remaining utilities. Licensed Management in place currently and negotiable with new owner. Some units are on City HUD most are self pay. All units are 2 bed 1 bath, Some have Washer/Dryer hookups and some have Central HVAC. Some units also have had newer gas lines, water heaters, stove, ranges, ECT. Management has full information available from 9/2019 to current with approval letter.
Pictures are a representation of all units, Details are in documents.
