Multi-Family Space For Sale @ 612 3rd St

Cash Cow! 100% leased Four Plex. 4 x 2 bed / 1 bath units. Individual water meters paid by Tenants! Tenants pay electric too! Even with below market rents, the Current Actual Cap Rate is 7.49%. At market rents based on rentameter, the preferred cap rate is 8.9%. The property has two duplexes. Large units over 1,000 SF each! Each unit has their own small backyard. The front roof was replaced in 2018. 2 Parcels **Do not walk the property without listing agent present. **Must provide proof of funds before a showing can be scheduled. The statement and figures herein, while not guaranteed, are secured from sources we believe authorative.