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Description
8% Cap rate. Income property, 3 family with 4 rents. Cash flow now is $3745 a month. 3.6 Acres. The property has abrand-new septic system, brand-new well. New oil tank and updated high efficient oil furnace. Tenantspay for their own electric and cable owner pays for oil. The rent has not been raised for a couple ofyears so it is due. All tenants now are month to month. New vinyl flooring was installed 3 years ago.Rent from 3 family house and 30x90 garage. Can also rent space on the champagne bottle billboard.Unit 1 $850 1 bedroomUnit 2 $875 1 bedroomUnit 3 $1300 2 bedroomUnit 4 $720 garage
Location
Information Source: Monmouth Ocean Regional REALTORS®
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Updated: 29th March, 2023 3:38 PM (UTC)
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Updated: 29th March, 2023 3:38 PM (UTC)
Listing Office: Keller Williams Shore Properties
