Description
TURN KEY RENTAL PORTFOLIO IN ST CLAIR WITH 8% CAP RATE. This is 3 condo units for sale in the same complex. Units rent for $1200, $950, $900. Gross rental income is $36,600. Expenses total $9,947 for taxes and association dues. Tenants pay electric, Association pays for water and heat. NET INCOME: $26,652. All three units have been renovated over the past 2 years and require zero maintenance. Great tenants, pay on time every month. Awesome location in St Clair within walking distance to Downtown and the River. Portfolio includes 2 units in 1627 riverside and 1 unit in neighboring building 1600 Oakland. 2 one-bedroom units, 1 two-bedroom unit. Leases and financials available. No showings without an accepted offer.
Location
Source MLS MiRealSource. Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Copyright 2022 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates, and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning, or any information storage and retrieval system, without written
permission from MiRealSource, Inc. Updated: 28th May, 2023 7:56 PM (UTC)
Copyright 2022 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates, and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning, or any information storage and retrieval system, without written
permission from MiRealSource, Inc. Updated: 28th May, 2023 7:56 PM (UTC)
Listing Agent: Jonathan Foukes
Listing Office: Move Realty LLC
