Updated kitchen and bath. Hardwood floors. Ceiling fans. Roof 2 years old. Sealed and painted basement. To be sold as part of an 8 property package including 1383 Ivydale, 1613 16th St NE, 1417 St Elmo NE, 1520 Rowland NE, 2442 Indiana Way NE, 2500 Winfield Way NE, 1206 15th St NE, 717 12th St NW (duplex.) Total price for package is $578,000. Annual gross $83,910. Fully rented month to month. Cap rate at current rents is an attractive 12%. Plenty of opportunity to improve properties to bring them up to market rent condition. All properties appear to have sound foundations. Many updates including replacement windows. All units are occupied month to month. Motivated seller. No showings before accepted contract. To be sold as-is.
Listing Courtesy of: David E Lyngholm, dlyngholm@cutlerhomes.com With Cutler Real Estate
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