Great investment opportunity showing 11.16% cap!
3 Unit in Allentown ideally located near entertainment, shopping, and transportation. Units 2 & 3 have been modernized with new kitchens and bathrooms featuring stainless steel appliances, updated flooring, and showers with tile surrounds. Unit 1 is currently rented with a long term tenant but could easily be updated to the same standard as Units 2 & 3. Owner pays water/sewer/trash, gas heat, and electric.
Gross Inc:$25,500
Net Inc:$18,415
Operate Exp:$7,085
Unit 1 - 1br/1ba | Rent: $650/mo | Oven/Range, Refrigerator
Unit 2 - 1br/1ba | Rent: $750/mo | Oven/Range, Refrigerator
Unit 3 - 1br/1ba | Rent: $725/mo | Oven/Range, Refrigerator