4 unit apartment house. (1) 3 bedroom unit, (3) 2 bedroom units. Current gross rents $2750/mo All units are in good condition, floor coverings, appliances, some fixtures and paint have been updated over the last 10 years. New roof and gutters in 2018. main level units have central air, lower units do not. All units have a stove and refrigerator, Unit 1 has a dishwasher also. Leases are all month to month. There is a partially fenced yard in the front. There is an enclosed garage space that is used for storage. All units are metered separate for electricity. Landlord pays the gas, average $270/mo. Water average $80/mo,and garbage $65/mo. Property and flood insurance $4200/yr. There is one washer and dryer for the tenants use. There is an angle parking area for 4 cars at the front of the building. Exterior walls needs some attention, mainly the siding needs paint and a few corner covers. Based on the current rents and operating expenses, the property has a 9% CAP rate at the asking price. Square footage for each unit and the storage space is an estimate based off the County records for each level. Rent and expense information is from the owner. Call Monty for more information.
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