Only serious principle need inquire. Do NOT disturb tenants or management in anyway-private viewings can be arranged with seller of property. This property is 100% occupied with average rents of $1,125.00 per month. NOI in 2020 was $350,000.00, on tract for $385,000 in 2021 with Pro-performa at $425,000.00. NOI and Pro-performa CAP rate at 5.5%. Property built in December 2017 lease up started March 2018. Potential upside of $100.00 to $150.00 in rental increases in 2022. This property offers 38 units that are each 2 bedroom, 2 bath. Each unit includes dishwasher, disposal, range, refrigerator and central heat and air. Covered parking also available in the back of unit. Prime location along HWY 75.
Listing Agent: Scott Broiles Courtesy of: SHER-DEN REALTY Properties marked by the NTREIS Logo are courtesy of the NTREIS Multiple Listing Service. Property listing data provided by NTREIS multiple listing service. You may not reproduce or redistribute this data, it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. Updated: 18th June, 2021 8:09 AM
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