TURN KEY RENTAL PORTFOLIO IN ST CLAIR CLOSE TO 8% CAP RATE. Gross rental income is $36,600. Expenses total $7,578 for taxes and association dues (162.50/unit/mo). Tenants pay electric, Association pays for water and heat. NET INCOME: $29,022. All three units have been renovated over the past 2 years and require zero maintenance. Great tenants, pay on time every month. Awesome location in St Clair within walking distance to Downtown and the River. Portfolio includes 2 units in 1627 riverside and 1 unit in neighboring building 1600 Oakland. 2 one bedroom units, 1 two bedroom unit. Leases and financials are available.
Listing Agent: Jonathan Foukes Courtesy of: Move Realty LLC Source MLS MiRealSource. Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
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permission from MiRealSource, Inc. Updated: 30th November, 2022 12:38 AM (UTC)