Description
5-Plex investment opportunity! Great CAP rate if rented at full potential. Billings Heights, near Lake Elmo. Currently there are 4 leased units with month to month tenancy and 1 open units. Updated with new kitchen cabinets, new kitchen appliances, paint and laminate flooring, washer/dryer hookup on main level, Gas fireplace for heating w/ thermostat or electric baseboard, no A/C, and each unit has a patio w/ fence partition. Ample parking and storage shed for each unit. New roof in 2019. *Investors, Current Gross and Net are not accurate with the vacancies and lower rent. Great time to secure tenants in with your own terms! 5-Plex requires Commercial Loan (not residential)
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0BEDS
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0.28ACRES
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0BATHS
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01/2 BATHS
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5,600SQFT
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$149$/SQFT
School Information
Description
5-Plex investment opportunity! Great CAP rate if rented at full potential. Billings Heights, near Lake Elmo. Currently there are 4 leased units with month to month tenancy and 1 open units. Updated with new kitchen cabinets, new kitchen appliances, paint and laminate flooring, washer/dryer hookup on main level, Gas fireplace for heating w/ thermostat or electric baseboard, no A/C, and each unit has a patio w/ fence partition. Ample parking and storage shed for each unit. New roof in 2019. *Investors, Current Gross and Net are not accurate with the vacancies and lower rent. Great time to secure tenants in with your own terms! 5-Plex requires Commercial Loan (not residential)