Well maintained, city inspected, legal 6 unit being sold at a 9.5 Cap Rate. Property consists of two - 3 bedroom 1 bath apts, and 3- two bedroom 1 bath apts, and one - 1 bedroom. Revenue is $99,000, operating expenses approximately $25,400, add...
$689,000
6
Full Baths
4,664
Sq Ft.
Interior
.08 Acres
Exterior
Multi Family
Property type
1850
Year Built
1583039
Web Id
1583039
MLS ID
Sanford
School District
This Property is Currently Contract Pending
2.3000
Buyer Agency Compensation
About 9 Tanguay Street
Well maintained, city inspected, legal 6 unit being sold at a 9.5 Cap Rate. Property consists of two - 3 bedroom 1 bath apts, and 3- two bedroom 1 bath apts, and one - 1 bedroom. Revenue is $99,000, operating expenses approximately $25,400, add the 3% vacancy and a $4,800 mgt fee you are looking at a NOI of $66,116+/- hitting the 9.5 cap. Also available to interested parties is the level vacant lot diagonally across the street at 12 Island Ave for $30,000. Current leases include electricity and heat, there are 7 meters for the building and natural gas option on site. Both 9 Tanguay and 12 Island Av are surveyed. This is nice building to own as the numbers work. Easy to show Saturday 10am, 11am, 12pm.
"Listing Courtesy of EXP Realty, MREIS MLS"
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.