Opportunity Zone newly renovated cash-flowing investment property. Four 2/1 units fully renovated with year leases. 8% Cap Rate. See accurate financials below. Featuring all new central ACs, updated electrical, impact windows (last ones currently being installed) and impact doors, replaced old cast iron piping with new PVC, installed new copper water piping, replaced wood beam rafters and structural sub-flooring for the second level. Interiors upgraded as well with new kitchens, bathrooms, etc.
Gross Annual Income: $85,200
NOI: $70,126
Monthly Rents are:
#1 $1,600
#2 $1,800
#3 $1,600
#4 $1,800
Annual Expenses:
Taxes - $7,573
Insurance - $4,741
Water and Sewer - $2,760
Brand new coin operated washer and dryers are generating an extra $300 positive cash flow per month.