Legal 3 family home. Gross Income:$1,250 +$1,200 + $1,100 =$3,550 x 12 = $42,600/year. Plus additional income from laundry facilities. Plus additional open space in basement for storage. Tenant pay own heat & hot water. Expenses: Taxes $10,500. Insurance $1,900. Water & sewer $2,500.Total yearly expense: $14,900. Net Income. $27,700. Owner retiring & moving to South Jersey.
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