Description
Seller has replacement property in escrow, short escrow is OKAY. UPSIDE IS SIGNIFICANT, please see supplement link- re current Rent Roll and History. This pride of ownership easy-to-manage 8-plex has all the potential to operate easily at 100% occupancy at all times, at premium rents, as these are larger home-like units with front and rear doors, sun-filled all day every day, all units are South-facing balcony style on the premier corner End-Cap of First Street (corner of Roswell), with curb parking just Seller has replacement property in escrow, short escrow is OKAY. UPSIDE IS SIGNIFICANT, please see supplement link- re current Rent Roll and History. This pride of ownership easy-to-manage 8-plex has all the potential to operate easily at 100% occupancy at all times, at premium rents, as these are larger home-like units with front and rear doors, sun-filled all day every day, all units are South-facing balcony style on the premier corner End-Cap of First Street (corner of Roswell), with curb parking just outside the front door. These are beautiful when refinished (several are currently refinished), with hardwood floors, eat-in kitchens and windows galore. Plus new roof and stairway, railings and paint. This is in a very desirable location of Belmont Shore, just a block from the beach, fitness center and bike path, with access to Livingston Drive for easy commuting, and a short stroll to Second Street shops and Restaurants. These are home-like and could easily operate at $1400-$1500 ultimately, which would yield a CAP of 4+% and GRM of 15.5x with income from parking and laundry ($45 /mo average. This is a portfolio property with stability and appeal, one to hold forever and hand to the kids, or an investment quality property with room to optimize performance. PLEASE DRIVE BY run your matrix and bring an offer.
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0BEDS
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0.07ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Seller has replacement property in escrow, short escrow is OKAY. UPSIDE IS SIGNIFICANT, please see supplement link- re current Rent Roll and History. This pride of ownership easy-to-manage 8-plex has all the potential to operate easily at 100% occupancy at all times, at premium rents, as these are larger home-like units with front and rear doors, sun-filled all day every day, all units are South-facing balcony style on the premier corner End-Cap of First Street (corner of Roswell), with curb parking just Seller has replacement property in escrow, short escrow is OKAY. UPSIDE IS SIGNIFICANT, please see supplement link- re current Rent Roll and History. This pride of ownership easy-to-manage 8-plex has all the potential to operate easily at 100% occupancy at all times, at premium rents, as these are larger home-like units with front and rear doors, sun-filled all day every day, all units are South-facing balcony style on the premier corner End-Cap of First Street (corner of Roswell), with curb parking just outside the front door. These are beautiful when refinished (several are currently refinished), with hardwood floors, eat-in kitchens and windows galore. Plus new roof and stairway, railings and paint. This is in a very desirable location of Belmont Shore, just a block from the beach, fitness center and bike path, with access to Livingston Drive for easy commuting, and a short stroll to Second Street shops and Restaurants. These are home-like and could easily operate at $1400-$1500 ultimately, which would yield a CAP of 4+% and GRM of 15.5x with income from parking and laundry ($45 /mo average. This is a portfolio property with stability and appeal, one to hold forever and hand to the kids, or an investment quality property with room to optimize performance. PLEASE DRIVE BY run your matrix and bring an offer.