Listing courtesy of Foxcityhomes.Com, LLC.
Excellent investment opportunity featuring two 4-unit, townhouse-style buildings for a total of 8 units: 2414 Honey Lou Ct, Units A-D, and 239, 241, 243 & 245 Wilson Ave. The property is 100% occupied with long-term tenants and offers strong in-place cash flow, with annual rental income of $112,920 and NOI of approximately $88,567. At the $1,190,000 asking price, the property offers a 7.44% cap rate. Each unit features a spacious 3-bed, 1.5-bath townhouse-style layout with a full private basement. Low-maintenance brick exteriors help minimize ongoing ownership requirements, and all utilities are paid by the tenants. Seller is a licensed real estate agent.
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