Topic: 15% Cap Rate 6-Unit Apartment Building in C-Class area

Property Address: 657 Olive St, Watertown, NY 13601.
SqFt: 3,700
Units: 6; (4) 3Bedroom Units. (2) 2Bedroom Units. Each Unit has 1 Bath
Asking Price: $199,000 (Cash or Hard Money only)
Property Class: C

Property was recently remodeled. Was fully rented not too long ago but some of the tenants did not like prospective buyers coming in through the property and left. As of now 4/6 units are rented. The other 2 units have several applications for people wanting to move in.
Property was bringing in $42,900 ($29,625 NET WITH property management included in expenses.)/year when fully rented, bringing in a CAP rate of 15%
I have attached an excel file with the rent roll as well as the yearly expenses/taxes. If for some reason there is error opening excel file, let me know and I will email to you directly.

Note: Property must be either bought cash or with hard money

In this link are the pictures of the property
www.dropbox.com/sh/ejpuvc9gzevtftc/AACtA...OOKHwCwinWHDQXa?dl=0

If you may have any other questions, please feel free to contact me at anytime.

Best Regards,

Elias Rima
786-325-3596