Rare opportunity to purchase a 5 unit investment property in Stafford with 19% ROI. The property consists of: (1) 3 Bed Unit, (2), 2 Bed Units and (2) 1 Bed Units – 100% occupied with all long term tenants. There is propane hot water for all units + propane heat for four of the apartments and electric for one unit. All the utilities are separate and tenant paid. LOW EXPENSES: well water, septic + no owner’s meter electric. The windows are approx. 12-years-old and the roof is approx. 10-years-old. Two units were renovated within the last 2-3 years and two units were renovated within the last 10 years. There is a large yard with shed in the rear for storage + lots of off-street parking. Good opportunity to own in a more residential area with stable tenant base and 9+% CAP rate.
Per Board Of EdElementary School