Opportunity knocks for this modern style investment. Recently constructed in 2011, 7 connected townhouses are a great long term moneymaker. All utilities are separate and paid for by tenants. All units deeded separately so they can be sold individually in the future. $1,200 a month per unit with all leases on a month to month basis. Each unit has its own heat pump along with central air. Attached front entry 1-car garage. 6 units have 3 bedrooms and 1.5 baths and 1 unit is set-up as a 2 bedroom. Open floor plan features kitchen with all appliances included overlooking dining and living room space. Covered front porches and backyard decks. Located in quiet walkable community close to a playground. A great addition to any investment portfolio. Please do not disturb tenants. Gross Annual Income $100,800; Total Taxes for 7 units $23,646; Total Insurance for 7 units $2,611; Maintenance 5% of Gross Rent $5,040; Vacancy 5% of Gross Rent $5,040; Total Expenses $36,337; Net Income $64,464. Separate 6-unit available at same location under 116 Park Pl.
*Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit.
Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and
property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers.
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