Prime 5-unit multifamily in the rapidly improving Cedar Crest corridor – just 10 minutes to Downtown, Bishop Arts, and Trinity Groves. 100% Occupied (4 - 1bed, 1bath; 1 - 2bed, 1bath) ~2,780 total SF Unit 1 (Long-Term): $1,125. Unit 2 (Long-Term): $1,150. Unit 3 (Long-Term): $1,045. Unit 4… Read More (Long-Term): $1,125. Unit 5 (Long-Term): $1,525. Owner Pays utilities (one electric meter & one water mater). However, seller willing to offer concessions for buyer to convert into separate meters. Contact listing agent for copies of monthly income. Listing expenses ($20,196) include: average monthly utilities, annual property taxes, management fees (~9%), & annual insurance. CAP RATE IMPROVES DRAMATICALLY IF METERS ARE SEPERATED. Read Less
