Fully rented and well maintained 3 unit (all units are one bedroom). Property has been professionally managed for 10 years. Take 5% off for a vacancy rate and 10% off for maintenance and you have a cap rate of 11.8%. A proven money maker. Total Rent $18,840 (unit 1-$540, unit 2-$540, unit 3-$495) Expenses:Taxes $2732 W/S $1130 Trash $1360 Electric $415 Total Expenses $5637 Net Income $13,203. Tenants pay for their heat and electric.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
