Description
$30K Estimated Cashflow. 5.43% CAP Rate. Two 2 Br/1 Ba units, two 1 Br/1 Ba units. Originally built as the 7 unit Sage Motel in 1949. Converted to apartments in 2005 and operated as apartments from then until 2016. Extensively renovated in 2018-2019. Renovations included: New roof, new plumbing, new electric, new doors, new Low E double-pane windows, new appliances, new water heaters, new flooring, new paint, and the list goes on. Beautiful units with positive cash flow. Owner carry with large down.
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0BEDS
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0.22ACRES
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0BATHS
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01/2 BATHS
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2,184SQFT
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$252$/SQFT
School Ratings & Info
Description
$30K Estimated Cashflow. 5.43% CAP Rate. Two 2 Br/1 Ba units, two 1 Br/1 Ba units. Originally built as the 7 unit Sage Motel in 1949. Converted to apartments in 2005 and operated as apartments from then until 2016. Extensively renovated in 2018-2019. Renovations included: New roof, new plumbing, new electric, new doors, new Low E double-pane windows, new appliances, new water heaters, new flooring, new paint, and the list goes on. Beautiful units with positive cash flow. Owner carry with large down.
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