| Description: |
7 Unit Apartment Building ( four 2 bed three 1 bed). Four section 8 tentants. Lots of work and rennovations have been done in 2007. Fantastic property management, PERFECT for out of state investor. For sale by owner. 3% to buyer agent. Please call Scott 619 962 1540
Price $249000.
Gross income=37,800
( 4 on section 8)
County Taxes =1317
Town Taxes =746
Insurance =1050
Water =1500
PManager =3600
Vacancy 5% =1860
R&M =1500
NOI =26227
Cap rate 10.53 ( with GREAT Property Manager. An individual who lives 2 blocks away and does most of the maintainence himself. All for just $300 a month)
Location Description:
Corner of Oakdale and Crymes Cove Road down the hill from the Country Club. Waynesville NC. 40minutes west of Asheville.
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