$825,000

About This Home

Great opportunity to own 2 performing multi-family properties, 9 units in total! Huge upside in rents with a 14.3% pro-forma Cash on Cash ROI and 7.59% Cap rate! Current Gross rents bring in over $7k month with room for upside on MO/MO leases! Talk about cashflow! All tenants pay rent on time each month and prefer to stay. Cleveland, 5 unit building near Corbin Park and the senior center, is a very convenient location and easy to lease out. Units have beautiful hardwood floors and most have been updated in the last few years. Cleveland has on-site coin-op laundry facilities for tenants use. Newark is a 4 unit building and a very brief walk to the upcoming South Hill Perry District with shopping and dining abundance. Each unit has W/D in the units and are very spacious. BD/BA mix varies between the buildings, call LA for more details. Newark has off street parking for tenants. Ask your favorite agent, or call/text LA for the dropbox link to see all the uploaded photos and information for both properties.

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