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.
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