Fairview Multifamily Homes For Sale

Cash-flow opportunity! Tenant-occupied duplex with immediate income potential and no hoa . A smart investment with steady returns. Schedule by appointment only.

Amazing 7 unit multifamily jewel available! New roof and new impact windows, 100% occupied with long term tenants since the owner purchased the building and updated. The unit mix consists of 3 - 2/1's , 3 - 1/1's and 1 large studio. Easy rent collection and seller also easily self-manages the property. The current gross income is $123, 600. There is room to increase the rents and the projected gross income will be $147, 000. Annual expenses are $29, 463 which include property taxes:$19543, water/sewer:$3600, insurance $5000, lawn $720, exterior electric $600. Apartment electricity is metered separately and paid by tenants. Current 6.5% cap, proforma 8% cap. Seller has done all the hard work for the new buyer! Collect income right away with no work needed.