
Description
Fantastic CAP Rate! Fourplex with 2-Story units. Units 1 and 3 have 3 bedrooms and 1 1/2 bathrooms. Units 2 and 4 have 2 bedrooms and 1 bathroom. Each unit has their own fenced back yard, patio, storage shed, washer/dryer hookups, and all the kitchen appliances stay. Roof installed 6/2014. Outside was painted 4 years ago. Hot Water heaters were updated 2017-2021. Furnaces were all updated 10/2012. Unit 1-$1425 a month, lease to December 2023. Unit 2 -$1190 a month, lease to October 2024. Unit 3 - $1350 a month, month to month lease, but said they are going to sign a new one year lease. Unit 4 - $1190, lease to Sept. 2024. The annual income is $61,620, 2022 Real estate tax $1,582, insurance $1,390, water/sewer $2,940. Tenant pays all other utilities/services. Pets are allowed! Walking distance to Kimwood Park and Rocky Mountain Elementary School. 4 minute drive to Corn Lake.
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10BEDS
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0.21ACRES
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6BATHS
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01/2 BATHS
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4,236SQFT
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$130$/SQFT
School Information
Description
Fantastic CAP Rate! Fourplex with 2-Story units. Units 1 and 3 have 3 bedrooms and 1 1/2 bathrooms. Units 2 and 4 have 2 bedrooms and 1 bathroom. Each unit has their own fenced back yard, patio, storage shed, washer/dryer hookups, and all the kitchen appliances stay. Roof installed 6/2014. Outside was painted 4 years ago. Hot Water heaters were updated 2017-2021. Furnaces were all updated 10/2012. Unit 1-$1425 a month, lease to December 2023. Unit 2 -$1190 a month, lease to October 2024. Unit 3 - $1350 a month, month to month lease, but said they are going to sign a new one year lease. Unit 4 - $1190, lease to Sept. 2024. The annual income is $61,620, 2022 Real estate tax $1,582, insurance $1,390, water/sewer $2,940. Tenant pays all other utilities/services. Pets are allowed! Walking distance to Kimwood Park and Rocky Mountain Elementary School. 4 minute drive to Corn Lake.