Description
Great investment opportunity, 530 N Preston has a total of 15 student efficacy apartments, each unit is equipped with full bath, kitchen w/o stove. Full building has central air conditioning, all lower lever apartments have access to the back yard. This is a package deal that also include 532, 534 N Preston. Total square footage approximate 18000. Yearly net rental return is around of $292,521/yr . 6.25%. the building has couple of unit is ready to rent, fully income will be more that current income rate. All buildings has the same layout design, number of units. 3 buildings bring 9 units which is total of 45 efficency rooms, Expense sheet is available upon request. 9 years tax abatment left.
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0BEDS
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0.03ACRES
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0BATHS
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01/2 BATHS
Description
Great investment opportunity, 530 N Preston has a total of 15 student efficacy apartments, each unit is equipped with full bath, kitchen w/o stove. Full building has central air conditioning, all lower lever apartments have access to the back yard. This is a package deal that also include 532, 534 N Preston. Total square footage approximate 18000. Yearly net rental return is around of $292,521/yr . 6.25%. the building has couple of unit is ready to rent, fully income will be more that current income rate. All buildings has the same layout design, number of units. 3 buildings bring 9 units which is total of 45 efficency rooms, Expense sheet is available upon request. 9 years tax abatment left.
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