7604 Hazelcrest Drive , D

Description

This condo is a great addition to any investor's portfolio. It features three bedrooms, one bath with double vanities, living room, dining area, and kitchen with refrigerator, dishwasher, and electric stove. Walkout to a covered/private patio with picturesque views. 1 assigned parking spot, guest parking nearby. Building has laundry facilities and shared storage room. Condo fee is $215 per month, and covers lawn maintenance, snow removal, exterior work, and clubhouse. Located just minutes from shopping, dining, recreation, and quick access to major roads, highways, public transportation, and the airport. Tenant occupied, so no showings without an accepted contract (contingent on viewing). Rent is $875 and goes MTM 9/30/23, for annual income of 10,500. Taxes, insurance, maintenance, condo fee and management expenses total $5204. That's an NOI of $5296, making it a 7.56% cap rate at asking price.