Diamond in the rough investor Quadraplex property with a current potential cap rate of 15.2% based on quad leases in the area! Property was assessed at a value of $204,600! THis property will not last long. Seller lives out of state and no longer has the capacity to tend to this property and so the major reduction in price accounts for that fact! Agents, see 272 Glenn St for reference when quantifying cap rates for your clients. The property is located west of Grant Park, in neighboring Pittman Park which has been a hub for zoning projects which will continue into the next decade. Private: Twice under contract and twice we have run out of time during a holdover tenant eviction. We have received writ of possession 12/6/2016!! See attachment within docs! Cash offers will prevail offers will prevail.Let's close this deal.*Eviction scheduled Tues 12/13/16*
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