Off Market - Cash Cow - Potential 8 Unit Apartment Building!
Incredible opportunity for the savvy investor. Just blocks from the Llous Ellis Memorial Park, the building is separated into 11 rooms, 3 bathrooms and 1 kitchen, formerly used as room boarding. With the right planning, the property can be rehabbed as an assisted living facility or, the rooms can be converted into 7 1bd/1ba apartments and a studio. At $650.00 per apt and $350 for the studio per month the property could cash flow a whopping $4,900 a month or $58,800 per year! Plenty of area available for parking and to construct a separate laundry room and storage sheds for extra income!
With an approximately $50K for the rehab and a price of only $77,500 for the property, you get an incredible gross cash on cash of 46%. Get your money back in 2 1/2 years or less! Send your email to get property address, don't wait!!!!