13 Wall Street, Auburn, NY 13021

Property Description

INVESTORS WANTED! Welcome to 13 Wall St, where potential meets already existing cash flow. This property features two 2-bedroom units with a total monthly rent of $1,450. With an asking price as listed, low operating expenses and solid fundamentals, the property produces an estimated NOI of $12,882.50, translating to an impressive ~17.2% cap rate! A classic cash-flow play with room to increase rents over time with some TLC. Property is available to purchase as a bundle with 15-17 Wall St, MLS#S1674990, at an asking price of $220,000.00. Portfolio Highlights include a combined NOI of $30,500+, portfolio cap rate of ~13.7%, strong tenant history and occupancy, clear value-add potential for future increases and growth all highlight the potential of this portfolio addition.