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Description

Brand New Roof & Gutters! Typically 95-100% occupancy. Cap Rate 13.3% in 2011; 9.7% actual 2010 during difficult year. Only $27,500 per unit. Download package now at http://bit.ly/CitrusApts 20-units in 5 quadplexes (8) 2-BR and (12) 1-BR. Just 1/2 mile to I-40 off Cherry St. These apartments stay full due to location: there are many industrial jobs in the immediate area and it is just 1/2 block to KAT Bus route 30 and 1/2 mile to I-40. Units have stoves and refrigerators. All-electric units are separately metered and paid by tenant. Each apartment has an A/C unit and heat is supplied by ceil-heat or baseboard. No sign on the property. Please don't disturb the residents. All showings are by appointment with the listing agent. Building price details: $550,000.

Property Details

• Type: Multifamily
• Status: Available
• Year Built: 1979
• Buildings: 1

Exterior Features

• Parking: Yes
• Parking Spaces: 40
• Parking Type: Surface

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