Real Estate Broker · Beloit, WI · Member since 2015 · 232 posts · 60 votes
24 Units. 1-2 bedrooms. Fantastic location. Great upside. 15-20% cash on cash return. 10% cap rate. I will manage the building (35 years experience). Asking $1.475M. Seperate furnace, a/c water meter in each unit. Downtown/excellent location. This is a good deal. 4% vacancy rate in the town. $50 median household income. 3% unemployment.