Courtesy of: Andrew Ball, SVN/Miller Commercial Real Estate, andy.ball@svn.com
Courtesy of: Andrew Ball, SVN/Miller Commercial Real Estate, andy.ball@svn.com
$455,000
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Lot: 0.27 Acres
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Other
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$455,000
227/229 NORTH BROWN STREET Investment Opportunity in a Strong Rental Market. No changes in asking rent for the last 3 years and current market rent is $75-$100 higher per bedroom. - 2 unit, 2274 Square Foot Duplex consisting of Two, Three Bedroom/Three bath units & are rented for 2024/2025 school year. -Rental Income of $48, 956 and NOI of $28, 212.87 -Proforma NOI at market rent is $35, 412.87 or 7.8% cap rate - Both units are in great condition with no deferred maintenance. -Tenants are responsible for all utilities & water/sewer. -The leases are designed to give the Landlord 12 days to turn the unit while rent is still being paid. -Buyers can tour the interior of the units with an agreed upon LOI.
Courtesy of: Andrew Ball, SVN/Miller Commercial Real Estate, andy.ball@svn.com
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