Description
FULLY OCCUPIED EXPECTED CAP UPON RENEWAL 9.81%, CURRENT CAP 7.63% Each unit features 2 Beds, 1 Bath! Fresh paint, recessed can lighting, remodeled kitchen with new appliances, remodeled bathrooms & hard flooring throughout Current tenants are paying $525 per month. Market shows that units could easily rent for $600-$650. Comparable apartments in area are not remodeled and the current owner has never listed the properties as for lease/ only word of mouth (investors gain)! Once priced and marketed appropriately over 7% cap rate expected
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0BEDS
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0.24ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
FULLY OCCUPIED EXPECTED CAP UPON RENEWAL 9.81%, CURRENT CAP 7.63% Each unit features 2 Beds, 1 Bath! Fresh paint, recessed can lighting, remodeled kitchen with new appliances, remodeled bathrooms & hard flooring throughout Current tenants are paying $525 per month. Market shows that units could easily rent for $600-$650. Comparable apartments in area are not remodeled and the current owner has never listed the properties as for lease/ only word of mouth (investors gain)! Once priced and marketed appropriately over 7% cap rate expected
© 2021 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-01-27T15:25:10.613.