$135,900 Buys You 7 Unit's, Fully Rented -18% Cap Rate - Pittsburgh

[Jeff Vasishta]

7 Unit Turnkey Money Maker This Turnkey 7 unit property is fully rented, needs no repairs and has a hefty CAP Rate of 18%. It comprises 7 single bedroom apartments. The tenants pay all gas and electric apart from the common areas. All new furnaces and water heaters. The building has been recently updated. The roof is only 2 years old. Property Management is in place for the out of state investor.   Purchase Price: $135,900 Gross Rental Income: $3200 Monthly Expenses: Taxes: $125 Insurance: $280 Water: $350 Management: $320 Common Area Electric: $50 Landscaping/Snow Removal: $30 Total Expenses: $1,055 Total Monthly +ve Cash Flow: $2045 Total Annual Cash Flow: $24,540 CAP Rate: 18%   If you are interested in this property please call 1-888-531-7016 or respond to this posting.

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[Jeff Vasishta]

Sure you can go to this website to see more photos. Let me know specifically what other information you may want.

http://www.certifiedsold.com/propertydetails.aspx?pid=6154&sid=...

harvinder parmar said:

can you send me more details

[harvinder parmar]

can you send me more details

[Jeff Vasishta]

Hi Pedro,

This is in McKees Rocks. A nice part.

Best,

Jeff

[Pedro Gonzalez]

Hi Jeff,

What area of Pittsburgh is it in?

Thanks, Pedro.