10% to 11% Cap Rate and Future Appreciation
For Sale: 1555 and 1557 Olympic Ave., Bremerton, WA 98312 Call (360) 710-5070, or
Email: firstname.lastname@example.org for more info
Right out of the gate start making money at a rate the bank's can't touch: 10% cap rate with allowances for vacancy, maintenance. Tenants pay all utilities. Assessed at 132,720. Update these units in the future, wait for the market to come back & you'll have a nice bit of appreciation. At this price this is an "as is" sale and owner will make no repairs. Get an owner occupied loan, live in one side & your mortgage is paid by tenants. One unit has 3 and the other 2 bedrooms.
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