Purchase was made in July 2015 for $985,000. GRM was 9.49, with gross rental income totaling approximately $104,000 annually. Three units were vacant upon purchase. Four tenants use Section 8 vouchers.
Three Vacant Units Upon Purchase
Since purchase, buyers have upgraded the interior courtyard landscaping, added a new laundry room, added new wooden fencing, and rehabbed three of the eight units.