
Description
During these crazy times, its hard to find investment opportunities with low risk & no vacancies. 541 Park is a triplex with great, long term, dependable tenants! Current leases run through 2024 and 2028 & the tenants have been there for many years. As a self managed building, this investment operates on an 8% cap rate. Adding in potential vacancy loss & management fees, you're still operating on a healthy 6% cap. Newer exterior paint and awnings. One of the owners is a licensed real estate professional.
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0BEDS
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0.19ACRES
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0BATHS
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01/2 BATHS
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5,168SQFT
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$116$/SQFT
School Ratings & Info
Listing provided courtesy of Vanguard Realty Group
Description
During these crazy times, its hard to find investment opportunities with low risk & no vacancies. 541 Park is a triplex with great, long term, dependable tenants! Current leases run through 2024 and 2028 & the tenants have been there for many years. As a self managed building, this investment operates on an 8% cap rate. Adding in potential vacancy loss & management fees, you're still operating on a healthy 6% cap. Newer exterior paint and awnings. One of the owners is a licensed real estate professional.