This property has been Sold!
06/01/2016 at $65,000
1 of 3 rental homes being sold as a package for a total price of $183,000. The other addresses are: 570 Calder and 633 Onandaga. All are within 2-3 blocks of each other.684 Cayuga rents for $1100, 570 Calder /$800 & 633 Onandaga/$1100. Cap rate (10.3%) is NOI divided by list price and does not include a factor for depreciation. Miscellaneous expense is a half month vacancy factor. Sewer line replaced.2 Car detached garage. Other properties can be made available. Lease is a month to month at this point.Cap rate for all 3 properties is 10%.
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Listing Courtesy of Reinhart Realtors
Office Address 1020 E. Michigan Avenue
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