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1st Floor - Unit 1-5
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Flex
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2,967 SF
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$1,550,000 USD
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Unit Size: 2,967 SF
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Condo Use: Flex
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Price: $1,550,000 USD
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Sale Type: Investment
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Price/SF: $522.41 USD
Description
This multi-family 5-plex has 4 (2) bedroom apartments and 1 small studio in the back. Plenty of parking both in the front and in the back. These units have been renovated in 2019 and 2021.
Sale Notes
Open for seller financing options that allow the ability to bridge later to a cash out refinance DSCR loan. 10% down 5% interest only, 15% down 4% interest only, 20% down 3.5% interest only. NOI is $102K/YR. This is a lease with corporate tenant doing Airbnb arbitrage. They cover all expenses.. Corporate tenant is open to adjust the lease if new owner would like to do it themselves after the deal is closed. This investment is turn key revenue with tenant which manages and pays for everything. No vacancy, pays every month on time, no property mgmt required, no maintenance, no dealing with utilities, no head aches just easy cash flowing investment.
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