This centrally located 6 unit apartment has excellent cash flow and is close to absolutely everything. Units could use some updating but building has newer roof and is in general good repair. Current stabilized APOD income of $6421.80/month with expenses of approximately $2407 including management meaning this property has strong positive cash flow and CAPP rate exceeding 7.2%. Please note that 3 of 6 tenants were/in process of being evicted as at Dec 2025/Jan 2026. While this is a great opportunity to re-rent units at full market, there is no financing available until current 3 tenants out and building re-rented. We will therefore not accept any offer that requires financing until units are re-rented OR your offer is accompanied with letter from bank stating this is no issue. (id:27476)
