10022 Vasso View

Nice producing, recently updated 4-plex in Converse. This building is located at the end of a culdesac on a short street and is centrally located to the Forum Mall, 1604, 410, and 35. The NOI is $43,010 and for sale cap rate of 6.24%. There is room for rent increases on 3 of the 4 units. A Pro-Forma with updated rents would likely produce a 7% cap rate with a purchase price of $673,585. Building is very well maintained and ready to produce. These town houses rent very quickly with an average of 5-7 calls per day when listed. This building has had a NO PET, NO SMOKING policy since 2018 so the units are in great condition and currently have quality tenants. See additional docs for financials.