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198 Cowan St 17 Unit Apartment Building $3,032,326 CAD ($178,372 CAD/Unit) 8.97% Cap Rate Rutherfordton, NC 28139
INVESTMENT HIGHLIGHTS
- Close to Downtown
- Newly Renovated
- Great Parking
EXECUTIVE SUMMARY
This is a completely renovated building that offers 17 units just a couple blocks from downtown Rutherfordton. There are biking/walking trails between downtown and the complex offering a lovely setting for tenants. All units have 1 bedroom and 1 full bath and laundry hook ups inside. The complex has been easy to rent and our property management firm would love to stay on board with the new owner. Each unit currently leases for $995 month. Each tenant pays their own power bill. Tenants pay $50 month for water, trash and sewer. This is an easy add to your portfolio as things are running well in the complex and everything was just renovated.
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 17 | $1,371 CAD | 550 |
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PROPERTY TAXES
| Parcel Number | 1203720 | Improvements Assessment | $150,355 CAD |
| Land Assessment | $33,428 CAD | Total Assessment | $183,783 CAD |
PROPERTY TAXES
Parcel Number
1203720
Land Assessment
$33,428 CAD
Improvements Assessment
$150,355 CAD
Total Assessment
$183,783 CAD
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198 Cowan St
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