- New Listing
- Price Reduced( )
Davenport Real Estate For Sale! Rare 12% Cap Investment Opportunity in Highly Desirable Location!!! Currently 10.3% Cap without counting any Rent for Office nor for Four Garages! Annual Net Operating Income of $129,343 Right Now!!! Established, Low Vacancy BRICK Apartment Complex with 24 (2x12) Units each with Three-Bedrooms, Two-Baths, Fireplace and Available Garage! Tenants Pay Separately Metered Electric Heat & AC, Landlord Pays Common Water/Sewer/Gas. Additional Income: Garage Stalls Rented at $50 each/Mo.; Pets $50 each/Mo. 3rd Party Managed Coin-Operated Laundry in each building yields % Income to Landlord of $45/month. Onsite Maintenance Man. All Roofs Replaced in 2008! Priced for Quick Sale!!!
Listing originally offered by : Lucky Lang , Mel Foster Co. I74