Detailed Introduction Of This Home
This is a stand-alone two-story building that is one condominium unit with four separate ( A, B, C and D) town-house style 1 bedroom, 1 ½ bathrooms, apartments. Each apartment has a huge (20 ft X 13 ft.) bedroom and garage parking that make these one-bedroom units earn higher rents than others. This income producing property is ideal for Income investors who want minimum management headaches - the owner does not have to manage the maintenance and repairs of the swimming pool, park-like common areas, laundry room, and garages for each apartment. The property owner will also not have to pay for insurance, patrol service, painting, roofs, or any exterior maintenance and repairs - all paid by and managed by the HOA. The monthly HOA dues are less than the cost of all services if an owner of a similar property had to individually pay for those services.
This income property has a GRM of 17.70 and a Cap Rate of 4.6%; both favorable numbers compared to similar properties.
Drive by only, subject to interior inspection.