Sub panels in apartmentsElectric baseboards for heat
Back on market, buyer did not qualify for loan. This is an 11 unit apartment building. 2 units have 2 bedrooms, kitchen, living room and 1 full bathroom. 5 units are large 1 bedroom with living room, kitchen and 1 full bathroom. 4 are smaller with 1 bedroom, kitchen and 1 full bathroom. All units are separately metered with electric. They all have electric baseboards for heat with sub panels in apartments and each have their own electric hot water heater. No furnaces to worry about and no gas in building. Owner only pays for common area lights, cameras and internet which is on a separate owners meter. Pressure reducer valve was added on main so you can control water pressure. Trash is done by city. Roof and siding are 4 years old, new locked mailboxes installed 1 year ago, 8 ring cameras from 2025, all meters and apartments are labeled. Most units have been updated over the past year and almost entire building has been painted on interior. 2 brand new canopies were built in 2026 for 2 back apartments. Only selling because owner is moving out of state. Please check out other listing MLS# 24163790 which is located right down the street, can be combined for major cashflow and easy to manage being so close.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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