Property is currently under a master lease with W Management at $6,400/month for all 4 units. Lease allows the management company to Airbnb, Rent by the room to College Students, and Sub Lease units. Owner bills back 100% of Utilities: Gas Electric Internet Water Sewer But is responsible for taxes and insurance. Current Manager charges 5% and pays directly owner does nothing. All interiors of each unit updated in 2019 - 2021 and all is good shape. Mechanicals replaced in 2020 no issues Roof replaced in 2015 no current leaks or issues
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ARV $600,000
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The seller picked no comps. Investimate’s own value for this home is $773,000.