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Description

This Multifamily project was built in 1996, it has a total of 12 units all are three bedroom one bath. Current rents average $532 a month per unit. This property is all section 8 rented and has good income and cash flow history. Right now there is only one vacancy. All the units are separately metered and tenants pay their own utilities, landlord pays for water and common electric meter. This property is Rent and Income restricted thru HUD until March of 2026, this document is attached to the listing. The buyer will be required to sign and record a similar declaration upon closing of the building. It is currently professionally Managed by Schempp Realty & Management. Building price details: $456,000.

Property Details

• Type: Multifamily
• Status: Available
• Buildings: 1

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