City 5 Unit Apartment house for sale- (5th unit has 4 Rms 1-Bed Rms 1-Ba-rent=$500 tenant pays heat & elec)-House has a gutted apt. that could be a 6th apt. All tenants pay own gas heat & own elect.-Many updates by the current owners-5-stove & refrig. convey. Annual income=$35,520 w/annual owners expense app $13,243-( annual management fee$3600--insurance$1000-taxes-$4008-water&sewer$4635 The owner figures a 5% annual vacancy rate and he reserves 5% for maintenance/repairs).
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