This tremendous Multi-Family property generates cash flow with 9.5 cap rate, low vacancy and sits on 5.29 acres in the Town of Lisbon. The property consists of 5 buildings (14 units) & 36 outside parking spaces. Units w/similar layouts include; living room, kitchen, dining area, 2 BRs & 1 BA. Since 2020 seller has done extensive updates on the property including; new roof on all buildings (2023), updated approx. 12 units with new cabinets, appliances, countertops, flooring, bathrooms, new asphalt for parking lots, 1 new septic system & many units w/new mechanicals, windows, & all exterior doors. Property has potential for more development w/5.29 acres of land & rent increase. Tenants pay gas, electric & heat. Great location & minutes from shopping, entertainment & the freeway system.
Type | School name | District name |
---|---|---|
Elementary | Not available | Hamilton |
High | Hamilton | Hamilton |
Juniorhigh | Templeton | Hamilton |
Middle | Templeton | Hamilton |
Year | Tax amount | |
---|---|---|
2023 | USD $7581.55 | INR ₹635,667* |
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Email enquiry to Shorewest Realtors, Inc.
Property ID: 110094068497