Investor alert – 9.8% cap rate! Currently section 8 tenant occupied. Long term tenant wishes to stay in the property and transfer lease to the new owner. Current rent is $1,300/month but it is under market value and under HUD Fair Market Rent guidelines. Owner has installed a new shingled roof on the front of property AND a new rubber roof on 3rd floor as well as a new subfloor and LVP flooring in the kitchen. Water heater installed April 2020.
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Listings provided by Bright MLS from various brokers who participate in IDX (Internet Data Exchange). Information deemed reliable but not guaranteed.