Market Cap Rate is 6.01%. First time on the market in over 41 years. Current rents are substantially below market rent, providing tremendous rental income upside for the Buyer. More upside revenue potential with the Laundry Room. Currently, there the laundry machines are free of charge to the tenants. Rare private garages for each tenant. Another potential source of additional income. RECENT IMPROVEMENTS: All new garage doors installed April 2024. New roof installed March 2018. Upgraded electrical panel and system.