MULTIPLE OFFER SITUATION. HIGHEST AND BEST FRIDAY AT 5PM. Located 8 minutes from the infamous East English Village District, you will find 17129 Westphalia nestled on a 5,357 square foot lot in a quiet neighborhood of homeowners. This crown jewel boasts a brand new roof to ensure repeat dividends for many years to come. Your apartment complex consists of 5 recently remodeled 1 bed room units. Each unit has been upgraded and has entirely brand new electrical and plumbing to insure maintenance free cash flow. Furthermore the entire complex has new electrical and plumbing from top to bottom. Each spacious unit has freshly rolled paint and brand new carpet with top of the line underlayment. 3 of the 5 units are leased to section 8 tenants and the monthly dividends are $3,010 all paid by section 8.
Once the other 2 units are leased the total monthly section 8 dividends will be $5300. The tenants pay all utilities, which allows this complex to maintain a near 29% cash on cash return. Property taxes have been reduced to roughly $100 per month. This Diamond will be wrapped around a lucky owner's finger soon! No showings without accepted full list offer.