This house is perfect for cash flow or investment.
Here are 6 units house with 181200 annual gross income,
One of the basement units pays 1100, the next one is vacant and bigger and potentially can be rented for 3000
2 apartments on the second floor, 1800+2400
3dr floor apartment pays 2800
Plus 3 bed 2.5 bath apartment on the 1st floor can be rented for 4000-4500
The current annual cash flow is 93600
The 1st-floor apartment can bring an additional 4000x12=4800
Plus vacant basement another 3000X12=36000
All together 181200
Taxes and maintenance are 30.000 annually.
It`s over 8.5% cap rate.
This is a very safe and very well-maintained community, just a few steps from the beach.
There are 6 car parking spaces and another garage to rent out. The tenants are responsible for all utilities, except the water bill. We are open to reasonable offers, we have also 4 apartment houses for 1.100.000, with a good cup rate. here is the video of the house from the outside.
https://youtu.be/uSJn-DN7SWs