Description

Are you looking for an Investment? Here's your chance to own a well-constructed income property in central Garden Hills.

These multi-family buildings were originally built in 2006, the current owners took over the property as an uncompleted shell approximately 8 years ago in 2016 and did a complete refurbishment of all apartments, including full electrical rewiring, full re-plumbing and a new roof on both buildings. The buildings are in very good condition and well-maintained.

There are two two-story detached multi-family residential buildings, each with 5 apartment units, 2 two-bedroom apartments, and 3 one-bedroom apartments, for a total of 10 apartment units. Together, 4 x 2 bedroom and 6 x 1 bedroom units produce a generous return on your investment.

Each ground floor encompasses 3,248 Square Feet and has 4 living rooms, dining rooms, bathrooms, kitchens, and 8 bedrooms. The second floor has 6 living and dining rooms, kitchens, bedrooms, and bathrooms.

The units are fully occupied and have had very high level of occupancy for past 3 years. Rents range from $800 - $850 for the 1 bedroom and $900 - $1,200 for the 2 bedroom units. Total income per month is approximately $8,850 and $106,200 per annum. All apartments are unfurnished and primary landlord expenses are electrical bill for supply water pump and external lighting. The tenants are responsible for their own electrical and water bills.

Call us today to schedule a viewing!