Income producing property. Cash cow! 7 apartments that are all undervalued and can produce substantially more rent. All tenants pay their own utilities. Total monthly rent is $5,425 per month or $65,100 per year. There are four 2/1 and 3 1/1. Unit 1 leases for: $1,200 per month Unit 2 leases for: $550 per month Unit 3 leases for: $900 per month Unit 4 leases for: $900 per month Unit 5 leases for: $540 per month Unit 6 leases for $785 per month Unit 7 leases for $550 per month All 2/1 should be leasing for $1,200 per month-$4,800 per month All 1/1 should be leasing for $950 per month-$2,850 per month Potential gross income is $7,650 per month or $91,800 per year. Property has the potential to be a cash cow!
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.
