This package deal includes two garden apartment buildings with a total of 24 units: one building has 16 units, and the other has 8 units. There is a total of 14 garages, with 10 built-in and 4 detached. The total square footage of the buildings is 31,250 square feet (24,800 square feet for the 16-unit building and 6,450 square feet for the 8-unit building). Both buildings are constructed of brick and feature large apartments with hardwood floors throughout. There are total (8 one bdr, 13 two bdr and 3 three bdr) apartments and are in an excellent condition. The current rent roll for the buildings is 751,068, generating a positive cash flow of 535,418. This indicates a capitalization rate (cap rate) exceeding 10 pct, which suggests a strong return on investment. Income and expenses breakdown available upon request.
![[Stapleton Real Estate, listing number 3311236]](https://www.vlshomes.com/images/full/3311236a.jpg)