The MKD Group is pleased to announce the sale of this newly painted, turn-key investment property is fully occupied and competitively priced at $1,100,000 with a 5.93 Capitalization Rate and a Gross Rent Multiplier of 12.4. 2006 38th Avenue is an inexpensive asset to maintain as the tenants pay for their own Gas, Electric and Water utilities.

In addition to a brand new roof, 2006 38th boasts both on-site laundry and on- site parking creating a very convenient and well-located place to live and invest. Lastly, two of the four units benefit from the HAP program and the seller did not increase rents in 2019 providing a possibility to realize additional revenue via banked rents.