An investment property that works! Fully occupied, long term tenants occupying units from 3-9 years. Good rental history, excellent cash flow. Currently self managed. Numbers reflect 2011 Income and expenses. 1 of the 2 car garages is rented for $130/mo. Coin op laundry brings in $1237/year. 2nd garage currently used by Landlord but could be rented for additional income. Completely Separate utulities including water. Water currently paid by landlord, but will be shifted to tenant at the end of 2012 increasing cash flow by $3531/year. Rents as of 2012 are higher, but still fully occupied. Most units recently painted and updated. Off street parking. Financed rate of return for 6% interest rate substantially higher than cash on cash rate
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