Listing is actually for 12 condos in the Cross Creek Development. All units must be purchased as a package and this would allow you to own 12 out of the 14 units and have a controlling interest in the Association. There is immediate cash flow, a current Cap Rate of over 7% (with room to improve on about half the units rents) and with the location this is a deal you wont want to ignore. Current Annual Gross Income of $125,280, Expenses $34,519 for a Net Annual Income of $90,761. Full Condo/Association details and financials can be emailed over upon request before viewing or call agent. **Pictures are from a few different units but are not all inclusive of all units, but do give a good overall representation.**
Agency Name: Mosholder Realty Inc.