Updated: Nov 17, 2021
Multifamily Investment Opportunity
Welcome to Bevo! This 16 Unit building is fully occupied and has had half of the units cosmetically updated in 2021! There are several stable long-term tenants who intend to stay so the building is ready to be your turnkey investment, with a 9.2% cap with room to raise some of the rents and increase that over time. A laundry room has been outfitted and will have laundry services provided by Hoppy’s starting in August 2021, which should bring a little extra income. There is a large parking lot for tenant use. Convenient to public transportation and centrally located in South City.
Tenants are unaware of the sale, please do not disturb them, walk the property or attempt to hold a conversation!
This property can be viewed after a contract agreement is reached.
Roof: The roof was replaced in 2020 by a previous owner. New Fascia, soffits, and gutters installed in 2021.
HVAC: Five Central ACs (one new in 2021) and Four new Furnaces in 2020. Eight new window ACs installed in 2021.
Electricity: Separate meters and minimal landlord paid electric. New front and lateral exterior lighting installed in 2020.
Storage lockers and washer/dryer hook-ups No storage is provided. Laundry will be provided and maintained by Hoppy’s by the end of August 2021
Sewer: Was inspected in 2020 and showed no issues.
Appliances: Some new appliances, and spare/extra like new appliances are in the basement and will stay in the sale at no value.
Tenancy: Fully occupied, three are subsidized.
MINING: This property currently has a crypto mining device and antenna installed on the roof that can be transferred with the sale or removed. The income varies based on activity and value of cryptocurrency token but yielded $675 in the July and requires no active action from owner.
This one will not last long. For more information contact us via email. Please submit all offers to email@example.com
"Brick By Brick"
PROMISE LAND REALTY, LLC
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. *Realtors add your fee on top*