5621 Eskridge Street

Description

Back on the market again and with increased rents that increases the value of the property! Come and add this investment property to your portfolio and hit the ground running with good tenants and cash-flow immediately! This is a 5 unit complex consisting of 2 buildings. The front 2 story building is a duplex consisting of 2/1 units and the rear 2 story building is a triplex consisting of 1/1 units with one of the units containing a garage. There is also a laundry room ready for use where you can install coin-operated washer/dryer for added revenue. Current gross rents now at $3,790 with room to increase rents on all units in the future. 4 tenants are under contract, one is M2M. Cap rate now between 9-10% and can raise rents to receive over $4k/month to increase cap rate and cash-flow. The 2/1 units contain the kitchen and LR on the 1st floor, BR and Bath on 2nd floor. The 1/1 have their kitchen and LR on one half and the BR and Bath on the other half. Photos of property when empty