09/13/2024
Situated in the vibrant Spenard neighborhood, this 8-unit townhome community I'm listing presents a prime investment opportunity for those seeking high returns, low operating expenses, and straightforward management.
Gross annual income: $225K.
Annual Operating Expenses: $48K.
Net Operating Income: $177K.
Capitalization Rate: 8.85%
All 4-bedroom units increase to $2,500/mo upon lease expiration, increasing an investor's ROI after acquisition.