About 6345 Martin Luther King Boulevard
BACK ON MARKET!! (Buyer Loan Fell) Major Renovation completed Dec 2018! 6.1 CAP with basic expenses uniform to any owner (tax, insurance, utilities)! With Seller's full 2020 expenses (incl management fees, heavy banking fees, repairs, other electives) it is a 5.5 CAP. Current Gross Rent Collection: $11,020/mo! EXCELLENT! Gutted and remodeled- All units received all new kitchens with granite counters, soft close cabs, stainless Frigidaire appliances. Bathrooms with new tile, showers, vanities, fixtures. Hardwood floors refinished & gleaming, all windows vinyl double pane, all new paint, lighting, hardware, blinds. All units are 3beds 2 baths: 2 beds & 1 full bath on 1st floor, plus 1 legal bed 1 bath plus den and laundry/storage in each newly finished basement. All appliances, W/D included! All units received new furnaces, water heaters, and A/C! New electrical service drop, individually metered for gas & electric (common water). Units are finished as if one were flipping 500k homes, not apartment grade - and performing high as a result. Fully permitted & inspected. Three units on Sec 8 - rent security! (4 units Sec 8 approved) One unit will be made available for showing, inspect others upon contract, please do not alert tenants. Unit layouts and finishes all substantially the same, photos are from post remodel, prior to occupancy. Seller to do 1031ex.