Rent increases went into effect in September, current GSI is over $21,000 more, in place cap rate is approximately 5.56%. Highly desirable 9 unit apartment building in the heart of Midtown. Property is in excellent repair, the majority of units have been updated with new plank flooring, kitchen cabinets, new granite countertops, new stainless steel appliances and many other upgrades in select units. The electrical system has been recently updated with new service.