I am selling my apartment complex. Currently ALL 8 apartments are full. Rent for all 8 apartments totals $2,930 (including coins from laundry machines) per month!. Property taxes are $850 per year. Yes, that's right! The building was completely remodeled about 10 years ago to resemble a hotel. Upstairs are 7 studio-style apartments. Each apartment has its own kitchen and bathroom. Downstairs is a recently built 8th apartment. Also with it's own bathroom and kitchen. Downstairs are two large spaces that can be used for business offices, gatherings, or even more apartments. One section of the first floor used to be a health food store. The other section was used as a restaurant. The building is a physically strong structure which includes a spacious attic and very clean basement (no pictures). All tenants are single young people working for a local Christian organization. Great tenants without any problems. Because of the original structure of the building, there is one electric meter, and one water bill, which means that the owner pays for that. However, average electric bill is about $450 and water bill is no more than $100. The electrical is set up to add electric meters in each apartment if landlord decides. This is a great investment and I am willing to listen to best offers to those who are serious. At the moment I am only replying to emails. Let me know how serious you are as well. Thank you.
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.
