We have received multiple offers. Please submit highest and best by WEDNESDAY AUGUST 8TH at 5:00 PM EST and leave open for acceptance until Friday August 10th at 5PM. INVESTORS wanting to build your portfolio. This 6-plex is cash-flowing with potential upside. Two units recently updated are bringing in rents of $700 & $750 per month. 3 units are rented by long-term tenants at $500, $575, & $600. Last unit is vacant/under construction (Est $7-10k needed based on others) and is available for showings. Cap rate is 9% at current income with an upside of 11% at market rents. Second Parcel is full lot behind that is currently undeveloped for additional upside.
Listing Courtesy of : Michael P Davis ---- Key Realty