63 Unit apartment for sale. 8% cap. Fully rented. Excellent property management company in place. Seller financing available. Very nice location 1721,31,41 Moodie Street Thunder Bay Ontario. Perfect armchair investment. Only $42k per door! ($2.646m) Click on my handle: Trumpcard Then choose "visit trumpcard homepage" to see all photos and details available.(or just google: mshinvestments to find it)
Last edited by Trumpcard; 02-19-2009 at 11:38 AM.
Reason: because i need to
Is there upside on the rents? Is there upside on minimizing operating expenses? These days, 8% cap with no room for improvement is not that attractive, at least to me and investors I know. Everything I am buying is 10%+ - just my 2 cents for whatever it's worth.