Unique investment opportunity. Property portfolio consisting of three townhomes(Downey Branch, Marlin Ct) and five condos(Longstreet Dr, Tara Ct, Oleander Dr). This very profitable rental investment portfolio generates almost $170,000 in annual income. This portfolio has a very controlled expense resulting in a NOI of $135,000. This investment is coming in at a 6.3 Cap Rate with room to increase results. Tenants are in place, all appliances are owned by seller and one unit comes furnished.
Listing courtesy of Intracoastal Realty Corp.
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