8 Single Families on 3 lots 7 CAP Actual, with Easy 8.5 CAP
Multifamily | 8 Units | $168,750/unit
Marketing description
Here we have 8 Single family Homes on 3 lots within a block of each other! With only 7 of the 8 Rented the property sits at a 7 CAP! With renovations to several of the homes including the unrented property you could be sitting over an 8.5CAP! Each unit is a standalone house with backyard and all else allowing highest possible per unit rentability. What tenant wouldn’t want to rent their own home! Don’t let these types of returns sit!
Investment highlights
Property is currently performing with 7 CAP on Actuals with only 7 units rented! But with some renovation work on the unrented unit as well as a couple of the rented ones you should be able to achieve an 8.5 CAP!
The Fact that each unit is a Single family home will only create a mutually beneficial arrangement between property owner and tenant! Where a tenant gets a home with a yard, and the Owner can maximize their revenue!
Property is located is massively expanding and desirable Apache Junction!
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