Global New Developments
Juwai Commercial
Juwai LUXE
Your location is .
Switch to homepage to see content specific to your location?
Scan the QR code on WeChat to share this to your friends
REDUCED! Now 5/4/24 a 12.6% ROI!!! Investors! Don't miss this "as is" 6 unit property - a rare find in today's world yearning for stability and positive cash flow! This property has had some recent updates, 5 completed units - 3 of which are rented, and a secure multi-car garage unit with an automatic garage door opener, a security system, additional off street secure parking for multiple cars outside and even more off street parking beyond that! The garage unit has plenty of space to be a 6th 2 bedroom apartment - just hire your contractor to work within the shell of this space! The rear 1st floor unit even includes a fully functioning recording sound studio and 2 full baths! Every unit except the garage includes a refrigerator and a stove. This 6,277 Sq Ft 6 unit building is a cash cow - tenants pay all utilities. This building has 4 separate gas meters and 5 separate electric meters. Attention: this building is being sold "as is". This is an estate sale. The MLS system is lacking in it's functionality in relation to multi-unit properties. This 6 unit, "as is' estate sale has 4 code approved units. Please ask your Realtor to provide you all docs uploaded to the MLS "associated docs folder" including a very helpful dossier and an Income and Expense Statement showing a cap rate of 12.60% for this cash generating property. MASSIVE CASH FLOW! This property has a total of $61,140 of rents per year which equals $5,095 per month in rent. The Total annual expenses are $15,046. There is a net operating income of $46,094. All together this gives the new owner of this property at a $359,900 sales price a cap rate of 12.25%! This is fantastic cash flow and gives you plenty of funds to make updates every year to increase the rents even more over time! This property presently has 3 units occupied - all tenants would like to stay. 3 units are vacant but owner reserves the right to rent units prior to settlement. 347 S George St 1st Floor Front: Unit includes stove & refrigerator. Projected rent as per owner $1,100. Recently remodeled unit. New flooring, new electric stove, new drywall ceiling, freshly painted ceilings, trim, walls & flooring. This unit has hot water radiator gas fueled heat, a brand new electric smooth top stove for cooking and a gas fueled water heater.347 S. George St 1st Floor Rear: Unit includes stove & refrigerator, washer, dryer. Projected rent $750. This unit has access to the unfinished basement. This unit has 2 full baths - one of them is off the fully functioning sound proof recording studio! 347 S George St 2nd Flr Front: Unit includes stove, refrigerator & microwave.347 S George St 2nd Flr Rear: Unit includes stove & refrigerator.347 S George St 3rd Flr: Unit includes stove & refrigerator.347 S. George St 1st Floor Garage: Projected rent $800. This large tanden garage has off street secure parking, auto garage door opener, alarm system, separate electric & could be modified to have a full bath, 1 bedroom & a kitchen making this a 6 unit apartment building!
interior
Please set your own values to get your unique mortgage plan
Loan Term
Loan amount
Interest rate
* The above information is the average for each state in United States For more details about loans, please send us an enquiry.
Scan the QR code on WeChat to share this to your friends
Disclaimer: Currency shown is based on currency conversion, please refer to actual currency price of the property.
