4300 S Compton Avenue

Property Description

12.31% Cap rate! Six efficiency units rent easily at market rates, and perform excellently. Units have been updated in recent years, and are convenient to public transportation, downtown Dutchtown, close to two parks, one block from St. Anthony's Parish and downtown Dutchtown. Laundry hookups in basement, and lots of room for storage buildout. One unit held open for showings. Sewer Report available, and sewer in open and servicable condition. Financing? We have a lender partner offering low 6.5% with 25 year amortization and 20% down, and have heard of others who will do 6.38% with 30 year amort and term. Seller is NOT interested nor will consider offers including seller financing, or creative financing, but welcomes your CASH, or traditionally backed contracts.