10 unit complex that is divided into two building: 1230 Chestnut(7 units) and 1107 Louis (3 units). This is one entity but the city has two separate tax records, lots and blocks.This building sits on the corner of Chestnut and Louis. There are currently two units pending move in and come 4/1/18 all 10 units will be occupied. Each building and apartments have passed all city and state inspections. All utilities are separate. Entire exterior has recently been painted. Half of the leases are 12 month and four are on a month to month lease, but have been there for at least one year. Ample notice will be needed for showings, at least 72 hours in advance. As of this winter the cap rate is 21.9. |