3524 NW 51st Street
Property Description
Incredible Investment Opportunity-7 Hampton House Condos Offered Together for $675,000! Expand your portfolio with seven well-maintained condos, each offering 2 bedrooms, 1.5 bathrooms, and an open living and kitchen layout. Current scheduled rental income totals $8,000 monthly, or $96,000 annually. Estimated annual net operating income is $63,513, reflecting an approximately 9.41% cap rate at the asking price. HOA dues of $335 per unit monthly include gas, water, trash removal, lawn care, landscaping, exterior building maintenance, and roof maintenance and repairs. The HOA also maintains and repairs plumbing inside walls and underground, sewer lines, water lines, gas lines, and hot water tanks. Hot water tanks and heating systems are gas-powered. Association insurance covers building exteriors and common areas; it does not cover tenants' personal belongings or unit interior contents. Tenants pay electricity and are responsible for interior upkeep as outlined in their leases, excluding HOA-covered items. Renters insurance is strongly encouraged. Community amenities include a swimming pool, on-site laundry facility, and reserved parking. Conveniently located near I-44, NW Expressway, medical centers, shopping, dining, and parks. Package includes 3524 NW 51st St, Units 3 and 7; 3532 NW 51st St, Units 201 and 204; and 3536 NW 51st St, Units 303, 306, and 307. Total package price: $675,000.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $675,000 |
| Year Built: | 1976 |
| Lot Size: | 6,930.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 2 |
| Number of Bathrooms: | 2 |
ID: 3yd-OCMAROK-1252640
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