Purchase price should be considered a great price based on getting each unit to market rent. Please call to ask how to get this purchase to 9/10% CAP. Each approximately 805 sq ft unit showcases 2 spacious bedrooms, 1 bathroom, a sizeable kitchen with casual dining space, and a large living room area. 4 Occupied units at month-to-month tenancy and 2 vacant units to potentially start to update as a reference point to get each unit to it's fullest potential. Existing rents at $900; $900; $675; & $675. Comparable updated complexes on Oro Grande are actively listing up to $1,350/month. (no guarantees made, just sharing active comparable units.) Complex has a NEW main sewer line.
Listing courtesy of Listing Agent: Carrie Stryjewski () from Listing Office: Rogue Realty.
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