Wednesday, June 11, 2014

9 Unit Mixed Use Property (MOTIVATED SELLER)


9 unit mixed use property listed for sale in Meriden, CT for $389,900. Seller is extremely motivated and just wants to unload it. How motivated? So motivated that he's willing to list it at this price giving you a whopping 12% Cap Rate. Unit Mix comes with 6-two bedroom units and 3 commercial store fronts.
  • Annual Operating Income:             $84,600  
  • Annual Operating Expenses:         $35,973
  • Annual Net Operating Income:      $48,267
  • Monthly Net Operation Income:    $4,052

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