CASH COW - SHORT TERM LISTING! Owner will sell if UAG by January 2nd. Otherwise refinancing and keeping. Large three-family with a renovated single family in the rear. Occupancy permits in hand for both. Easily increase rents to $96,000 for an 8% cap rate and 14.5% cash on cash return. Unit 1 is TAW paying $490 less than Section 8 pays for 2 beds (long term tenant and discount for shoveling). Unit 2 gets $2,100, so increasing Unit 3 and the single-family to the same amount should be easy. We will coordinate one group showing for buyers with preapproval or proof of funds on January 1st if possible. Owner has made many updates including adding third bedrooms to Units 2 and 3. The same can be done to Unit 1 for a 12th bedroom. Monthly cash flow of $2,200+ and Sec. 8 payments alone cover expenses plus $500+ so this is a very safe investment. This is a no-brainer but act immediately if you're interested because it's going off MLS on January 1st
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Listing provided by Jennifer Welsh, Apex Real Estate Group, LLC
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