Description
House + Duplex: This sale includes 1202 E. 99th Ave and 1204 E. 99th Ave. Owner will NOT separate. 1202 is a 4-bedroom, 2-bathroom home that used to be a duplex. A Section 8 tenant is about to start a new lease at $1,495/month. 1204 is a duplex with 2-bedroom, 1-bathroom units on either side. Apt-A is about to have a new Section 8 tenant at $895/month. Apt-B has a great long-term tenant from the Section 8 HUD-VASH program at $820/month. Both buildings are concrete block with new exterior paint and roofs are approximately seven years old. The owner pays water/trash bill on the duplex. 10% cap rates are VERY hard to find so these deal will not last long! Owner selling units "as-is". This is not a distress sale; no lowball offers will be considered.
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$23,000,000
11 Beds
14 Baths
25,466 Sq ft
MLS# MFRO5714911
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