Investment Highlight 1-16-17
Today’s highlight is brought to you by David Renberg, listing courtesy of Landmark Real Estate.
1020 Houston has some real potential. It is made up of 10, 1-bed, 1-bath apartments. Gross lease is $4,800.
This property cash-flows. With a projected 8% cap rate, this property yields high returns.
The property is outside the ideal proximity to campus. Because of the age, original design, and number of apartments, the maintenance costs are expected to be high.
This property is an excellent opportunity for a medium scale investor ready to purchase their next property.
See listing link here.
Call Foundation Realty at 785-473-7230 for more details about investing!