Detailed Introduction Of This Home
Beautiful, huge (13,333 total square feet), one-story, garden-style apartments. 10-2 bedroom 1.75 bath units and the front 3 bedroom, 1.75 bath unit with 2-car attached garage. Step down living room with fireplaces. All units have central air, private patios and surround the landscaped pool area. New pool plaster and fencing. Units are in great condition and in a very nice area, sitting on over one acre. Quality property equals quality residents. Current owner for 17 years, with low rents. Additional laundry income. Terrific opportunity for new owner. Modest Pro-forma puts CAP at 5.9%
Expenses include tax increase (estimate only) at 1% of list price.