This 5 plex currently has all 5 units rented and is currently operating at a 9.32% Cap with upside potential.
Unit Current rents:
1 Unit 1: (2 bed, 1 bath) $1,500/mo including utilities, month-to-moth
2 Unit 2: $800/mo including utilities, month-to-moth
3 Unit 3: $700/mo plus utilities, 6 month lease, started March 1, 2026
3.5 Unit 3.5: $800/mo including utilities, month-to-moth
4 Unit 4: $800/mo including utilities, month-to-moth
There is a large garage with 5 separate units that is currently being used by the owner for storage. This offers additional income opportunity for the new owner to lease these units and raise the rent. Estimating an additional $500/month income from renting out the 5 garage stalls, the pro-forma cap rate is approximately 10.41%.
Seller *may* carry at a minimum of 25% down (non-negotiable) and 5% interest rate with a 5 year balloon (max).