GREAT OPPORTUNITY HERE. Thunderbird Apartments, a 10 unit (plus studio caretaker unit) 3 storey walk-up building in excellent condition. Numerous improvements done recently that include suites updated with flooring, paint & light fixtures, appliances, common areas in & out updated as well, plus the windows (4yrs) & roof (6yrs) have been done. Many long term residents. Near town center & is an easy walk to shopping & services. Covered parking and storage lockers for tenants use. Each unit has separate meter, tenants pay their own cable. An easily self managed turn key investment, with a tremendous CAP RATE OF 6.23 % with potential of a higher projected net income, with a few changes, this could help to attain a CAP RATE OF 7.58%. Detailed package available upon request.
RE/MAX Sabre Realty Group