
Listed by Realty 2000 Inc.
$685,000
1942 COUNTY ROAD 3000N Road
Details
APN 110432300020
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 16
NOI $66,062
Year Built 1968
Stories 2
Acreage 1.450
Zoning OTHER
Multifamily | 16 Units
Marketing description
This well-maintained, all-brick apartment complex consists of two buildings with durable rolled rubber roofs, offering a total of 16 units. This is a solid, income-producing property with a strong maintenance record and excellent rental appeal. The south building includes four two-bedroom apartments and two one-bedroom apartments, while the north building features ten one-bedroom units. Each apartment is equipped with electric heat, an electric water heater, and an electric cooking range-there is no gas service to the units. The property is serviced by its own well and septic systems, with new septic systems installed in 2017 and 2022, ensuring reliable infrastructure. All apartments include either window or wall-mounted air conditioning units, and the owner provides refrigerators, ranges, and A/C units. Tenants are responsible for all utilities, making this a low-maintenance investment for the owner. The complex also offers ample parking directly in front of the buildings, adding to tenant convenience. The owners are motivated to sell, presenting a great opportunity for investors seeking a dependable and well-cared-for asset. ________________________________________
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Listed by Realty 2000 Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$66,062.00
$5,505.17/mo
Valuation Metrics
0
DSCR
9.64%
Cap Rate
9.64%
ROI
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