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Royal Oakes Fourplex, The current 5.5% cap rate with basic renovations could allow for a cap rate above 8%. Comprising of two -2-bedroom/1.5-bath apartments and two- 2-bedroom/1.75-bath units, this property ensures a reliable, steady cash flow. Recent upgrades to the property include a fully renovated Unit C in 2023, New hot water tanks and the property offers quality features like double pane windows and electric forced air. Residents enjoy large garage parking spaces along with additional street parking and storage space.Durable construction, featuring composite cement lap siding under a cedar shingle roof.Near Amazon,Waterfront Center, Boeing, Minutes to I5,Train and bus.
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