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Current rents total $5,974/month ($71,688 annually), producing a Net Operating Income of $54,910 and a compelling 6.46% cap rate at the $849,000 asking price.
Unit Mix:
Unit 1: 2 BR / 1 BA — $2,499/month
Unit 2: 4 BR / 1 BA — $3,475/month
Tenants pay their own utilities, with the landlord responsible only for common electric and water/sewer. Separate utilities, minimal ongoing maintenance, and consistently strong rental demand make this a true turnkey asset ideal for both seasoned and first-time multifamily investors.