This property needs some cosmetic updates but has a good cash flow and practically no vacancy rate. Last vacancy was for two weeks only while an apartment was being rehabbed. All three of the 2 bedroom apartments have different monthly rents. One 2 bedroom rents for $450.00 and tenant pays utilities, one rents for $550.00 and owner pays utilities and third 2 bedroom rents for $800.00 with garage & laundry room and owner pays utilities. Water heaters (4 gas & 1 electric) have been updated. Furnace is energy efficient. Flood insurance is $1083.00 per year and building insurance now averages $179.00 per month. Utilities average $650.00 gas & electric and water and sewer average $250.00 per month.
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.
