3-unit apartment building (3 floors). Gross monthly income $2090 Unit 1 – 2 beds/1 bath Rent $650 Unit 2 – 2 bed/1 bath Rent $650 Unit 3 -1 bed/1 bath Rent $550 Garages $70 and $45 – coin-operated laundry $125 approx. a month. All Brick with electric separately metered and gas radiated heat – tenants pay utilities. Included is coin laundry in the basement ($125 a month approx.) & two garages – one rents for $70/month, the other rents to the 1st-floor tenant for $45/month with the understanding that they take care of lawn maintenance. City water/sewer. We strongly believe that rents should be increased by $50/unit. There is a current management company that is operating the building. Two units have been recently remolded, the one-bedroom unit has been rented since before the current owner has owned and that tenant plans to stay long term but that unit would need work when the tenant leaves at some point in the distant future. Current Tax assessment of 169,200 Cash Price $135,000! Buyer pays closing costs.
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