Croskey Package OM 3 Buildings ⸰ Cash Flowing ⸰ Turn Key Assests

Offered At: $675,000

Projected: $47,100 Gross Rent ⸰ Projected: 5.8% Cap ⸰ 2.2% COC

Investment Highlights
  • Buildings: 3 single family properties on the same block. 3 two bed 1 bath homes.
  • Taxes: $1,780 each property
  • Building Size: 3,060 sf total and 2,295 total sf lot. Zoning RM1
  • Features: Turnkey and renovated.
  • Neighborhood: Point Breeze.
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Cash Flowing 3 Property Package In Point Breeze!
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Modern renovated rental portfolio - 1912, 1937 & 1942 S Croskey fully leased for $1350, $1275 & $1300 per month to quality and paying tenants. Big living room with chef style kitchen and flex back room. 3 generous bedrooms with bright windows. Upstairs bathroom has a skylight. Artistic style shower with rain head. The area is appreciating and these are turn key investments. The section 8 rent schedule has been increased to $2580 per month on a home like this, which would increase the cap rate to 14%

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These buildings would make an excellent addition to your portfolio. Contact us today to learn more about this exciting investment opportunity.

$47,100 Gross Rent

NOI: $38,942

5.8% Cap ⸰ 2.2% COC

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Building

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