Average square foot calculated using Size range provided by listing agent.
Description
Investor Special - Priced to Move! Freshly updated at the last turnover with new flooring, paint, and appliances, this turnkey, cash-flowing 2-bedroom condo in Auburn Greens features a reliable tenant in place through July 2026. Currently generating $1, 640/month in gross rent, which includes $1, 395/month in base rent and $245/month in reimbursed utilities. At the $195, 000 list price, this property yields a 7.6% cap rate, with historically low operating expenses limited to just HOA and property management totaling approximately $403/month. That's a net operating income of nearly $14, 844/year with minimal landlord involvement. Seller requests Huber Property Management remain in place after sale to ensure seamless continuity. Excellent opportunity for 1031 exchange or long-term cash flow investors seeking stable, hassle-free income.Show Description