Description

Located in Levittown Lakes, Toa Baja, this fully furnished 7-unit income-producing property presents an exceptional turnkey investment opportunity for buyers seeking immediate cash flow. Situated on a lot of approximately 350 square meters with approximately 3,500 square feet of construction, the property is comprised of one 2-bedroom, 1-bathroom unit, two studio apartments, and four 1-bedroom, 1-bathroom units, offering a versatile unit mix that appeals to a wide range of tenants and short-term rental guests. The property includes approximately six parking spaces and a swimming pool, further enhancing its rental appeal and guest experience. Currently generating approximately $125,000 in annual gross income with an estimated cap rate of 14.8percent, this is an attractive opportunity for investors looking to acquire a stabilized asset with proven performance and strong income potential from day one. CRIM: $3,979 annually