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Investment opportunity!
All 12 units are 100% occupied - currently renting for $1,000 to $1,100 but could be raised to $1,250.
Rents will be increasing on each unit to $1,150 starting April 1st, 2025.
All units are 2 BR, 1 BA. New roof and sewer.
Taxes are $5,000 - $6,000.
There is space to build self-storage units or laundry area.
Management fee 5%, cap rate of 7%
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