Description
8% Cap rate. Income property, 3 family with 4 rents. Cash flow now is $3745 a month. 3.6 Acres. The property has a brand-new septic system, brand-new well. New oil tank and updated high efficient oil furnace. Tenants pay for their own electric and cable owner pays for oil. The rent has not been raised for a couple of years so it is due. All tenants now are month to month. New vinyl flooring was installed 3 years ago. Rent from 3 family house and 30x90 garage. Can also rent space on the champagne bottle billboard. Unit 1 $850 1 bedroom Unit 2 $875 1 bedroom Unit 3 $1300 2 bedroom Unit 4 $720 garage
Location
Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 3rd October, 2023 12:16 AM (UTC)
Listing Agent: Mark Meyers
Listing Office: Keller Williams Shore Properties
Attribution contact: 7327979001 | 7325589083
