$910,000
Est. --
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Description
2 bedroom 1 bathroom 12-plex on Oakcrest just north of Oaknoll Retirement center. Current rents range from $555 to $750 and could be raised substantially if the interior renovation is continued. Many units have new LVT, cabinets, paint and appliances and they all should be done for maximum income (see renovations in associated documents). Each unit has dishwashers and disposers and good floor plans. There is common coin op laundry for extra income. great location with true upside potential. As Is cap rate is 4.2% but if rents are just raised to the rent being received by the renovated units the cap would be 7.3%. Nice condition outside.Property Highlights
- County: Johnson
- Gross Operating Income: $119,976
- Annual Taxes: $21,768
- Location: Na
- Elementary School: Horn
- Middle School: Northwest
- High School: West
- Total Number of Units: 12
- Property Type: Income Property, Multi-Family
- MLS #: 202102990
Room Information
| Dining Room | Yes Level |
| Family Room | Yes Level |
| Kitchen | Yes Level |
| Living Room |