8,136 Square Foot Multi-Family Space For Sale @ 4878 Creek View Rd

Well Maintained 8 unit Apartment Building. Build backs up to wooded area. Building is situated at the end of a Court. Rents are low for area. Many updates Roof, Siding, AC Units, Some windows and doors replaced, most appliances replaced. Hallways renovated in March 2015 Paint, Flooring, ext. Several Updated Kitchens. Clean Dry storage units in basement for each unit. Newly updated Electrical to bring up to code. Tenants each pay for own utilities. Building owner provides Water, Sewer and Garbage. Laundry room in basement. Cap Rate of 9.35% Based on P Income of $56,400 - Total estimated expenses of $28,044 = NOI of $28,356. $300,000 List Price (5.32 Gross Rent Multiplier)
4 Units 2 Bedroom 1 Full Bath (Current Leases Rent are ($550, $500, $500, $500.) ( 2 Bedroom Rents in area are $625)
(Bed 1 - 14 x 12, Bed 2 11 x 10, Living Room 15 x 15, Dinning Room 10 x 8 Kitchen 8 x 8 galley, Foyer and many closets Plus full bath.

4 Units 1 Bedroom 1 Full Bath
( Bed 1 - 14 x 12, Living Room 15.6 x 15, Dinning Room 9 x 9, Kitchen 8 x 8 Galley, Foyer and many closets Plus full bath.(Current Leases Rent are ( $450, $450, $450, $450.) (1 Bedroom Rents in area are $550.)