Property Description:
7 units on same parcel, each unit has separate electric & gas, water is paid by owner at less then $200/mo. 5 units occupied with good paying tenants, 2 units vacant and needs work.
Heating & Cooling
Heating: Central Gas
Cooling: Window Unit(s)
Central Air: No
Parking Information
Parking Description: Assigned Parking
Multi-Unit Information
# of Units: 7
Exterior Features
Roof: Composition
Building Information
Construction: Frame
Utility Information
Utilities: Separate Meters
Sewer: City/Public
Water: City/Public
PRICE $175,000.00
Rehab $8,000.00
Total investment $183,000.00
EVERYTHING IS MONTHLY
Monthly Est rent $3,609.00
Monthly tax expenses from county records $184.53
Monthly insurance expenses $83.00
Monthly mgt expenses (10% of rent) $360.90
Monthly rent after expenses $2,980.6 x 12 $35,767
CAPRATE / RETURN 19.54%