Property Description for 1912 CENTENNIAL ST

5 Plex - Cash Flow Positive in Porter Creek on a huge .48 Acre or 105' x 200' lot. 1912 Centennial Street. Three, 1 bedroom units, One 3 bedroom, and one studio apartment. The rent is $82,200 = cap rate of 6.47%, but the rents have been increased to create a cap rate of 6.9% in July = $87,200 annual rent. Each tenant pays their own utilities. The building was originally built in 1968 but substantially renovated in 1990 to create the existing 5 plex. Many updates have been completed recently. The lot will technically accommodate further development one idea has Architectural plans showing the potential to build an additional 4 plex creating 9 rental units pending city permits, A video tour is available in the multi-media link.