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CREATE YOUR OWN CAP RATE!! 23 UNIT APARTMENT BUILDING FOR ONLY 975,000!!

Posted by Kevin Mack on June 18, 2011 at 5:42pm

 `23 unit apartment building was 1,200,000 now 975,000( for those who can close quickly with cash).

   90% refurbished. 36 spaced parking lot. Laundry room that creates additional income.  Location:416 south 4th street Darby Pa.  Annual rent receipts 190,800. Annual operating expenses 36,500. NOI 155,000. Taxes has been lowered. Only 4 units needs some rehabbing. Fantastic return on investment.

Property is located right by septa station. Can be marketed to University of Pennsylvania,Lasalle, Drexel and the University of the science students. Very little renovation needed.  Dep inspection has been passed. Create your own cap rate by charging whatever rent you decide once refurbishing has been done to the last 4 units. Email me(kmack300@netzero.net) for a tour.  Please very serious replies only. 

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